Decision details

The Executive resolved as follows:

To recommend to Council:

1.      To approve the Capital Programme 2015/16 as set out at Appendices A and B, including the contingency of £762,000.

2.      To approve the Single Capital Pot approach as outlined in Section 4 with a top slice of 12.5% to allow for investment in key priority areas and overspends that are not otherwise fundable (reference paragraph 4.2 of the report).

3.      To approve the Capital Prudential Indicators as identified  in Appendix C.

4.      To agree that Executive approvals will continue to be required for all Prudential Borrowing schemes (reference paragraph 3.1 of the report).