Decision details

To consider Capital Programme for 2016/17, 2017/18 and 2018/19 – circulated to members under separate cover.

The Executive resolved to recommend to Council:

1. To approve of the Capital Programme for 2016/17 as set out at Appendices A and B to the report, including the in year contingency of £809,000.

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

4. To approve the Capital Prudential Indicators as identified in Appendix C to the report.