Issue - meetings

Cabinet discussed the report that set out progress on delivering this year’s capital programme and revisions to the capital programme for 2017-18 onwards. Largely due to a number of projects being deferred, forecast capital expenditure is £1.3 million less than had originally been planned.

It was reported that the major risk attached to the programme is the need to fund a proportion of it from capital receipts. Asset disposals are required, that generate sufficient receipts to fund some of the existing programme, as well as to fund a proportion of the changes in this report. If receipts were not generated, capital projects would have to be cancelled or deferred.

Councillor Campbell and Councillor I. Gregory spoke under Council Procedure 20.1.

Councillor Townend proposed, Councillor Brimm seconded and Cabinet:

1.  Approved the General Fund capital programme project changes, budget changes and funding changes identified in this report;

2  Recommended the report to Council.