Issue - meetings

To receive and consider the recommendations of the Cabinet meeting held on 12 February (to follow), the report for which is attached.

The report by the Director of Finance & Section 151 Officer will be published with the Council agenda, (expected to be published on 5 February and available via the link to the 13 February Council meeting)  the purpose of which 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 any 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 2017/18 and future years in accordance with the Capital Strategy

·           Describe and approve the Prudential Indicators arising from the revised Capital Programme 2017/18 to 2022/23

·           Delegate authority to the S.151 Officer to alter the mix of capital funding to make best use of City Council resources

(Please bring the Council papers to the Cabinet meeting for consideration of this item.)

The recommendations in the report were referred to Council for approval, and are therefore not subject to call-in.