Issue - meetings

To receive and consider the recommendations of the Cabinet meeting held on 9 February (to follow), the report for which is attached.

Purpose

The purpose of this report is to:

·           Summarise the key features of the Capital Strategy approved by the City Council on 4^th February 2009 and the revised Capital Investment Priorities of the City Council, approved by City Council on 24^th January 2012

·          Highlight the inter-relationship between the capital programme, the revenue budget and the Medium Term Financial Strategy

·          Determine the corporate capital resources available including:

o  Adjustments for under and overspendings to the existing approved Capital Programme

o  Update the capital resources available for all new and changed grants, capital receipts, revenue contributions and other contributions

o  The identification of additional assets which the Administration wishes to declare surplus to requirements

·          Seek approval of the overall Capital Programme and "new starts" (including the Housing Investment Capital Programme) for 2016/17 and future years in accordance with the Capital Strategy

·         Describe and approve the Prudential Indicators arising from the revised Capital Programme 2016/17 to 2021/22

·         Delegate authority to the S.151 Officer to alter the mix of capital funding to

make best use of City Council resources

RECOMMENDED that Cabinet agrees and recommends to Council that the recommendations in paragraphs 3.1 and 3.2 in the report be approved.