Decision details

On an annual basis the Council is required to approve a revised capital programme for a period of four years.  This is to enable the appropriate long term planning of investment for the Council

The Executive will be asked to propose a Capital Programme for 2009/10 to 2012/13 for approval by the Assembly

Received a report from the Corporate Director of Resources setting out the current position with regard to the Capital Programme and proposals for allocating resources for the financial years 2009/10 to 2012/13.

Noted that the name ‘River Gate’ Primary School referred to in Appendices

C(i) and D should be removed from the report, the official name to be decided on after consultation with stakeholders. 

Agreed, in order to assist the Council to achieve all of its Community Priorities via a prudent and affordable Capital Programme, to:

  (i)  Recommend the Assembly to approve:

a)  the overall Council’s capital programme for 2009/10 to 2012/13 as a result of recommendation (d) and as set out in Appendix D of the report;

b)  the Prudential Indicators for the Authority as set out in Appendix E of the report;

c)  the Capital Strategy as set out in Appendix F of the report; and

d)  agree that the new bids as detailed in Appendix C and C (i) of the report be added to the programme, totalling £87m in value. They require borrowing of £17m to be undertaken with the balance to be met from external funding of £70m. Should the external funding not materialise, these schemes will not be able to progress, as the Council’s available revenue budget for borrowing has already been allocated;

  (ii)  Note the position of the 2008/09 Capital Programme as set out in paragraph 5.2 and Appendix A of the report;

  (iii)  Note the existing approved capital programme for 2009/10 to 2012/13 as set out in paragraph 6.1 and Appendix B of the report;

  (iv)  Note the forecasted capital receipt position for 2009/10 to 2012/13 as set out in section 7, which is significantly reduced as a result of the economic downturn;

  (v)  Note the current capital arrangements and prudential capital guidelines as set out in section 3 of the report.