Agenda item

Councillor Russell Holland, the Cabinet Member for Finance, and the Director of Finance, submitted joint report advising Cabinet of the new Capital Programme requirements for the year 2019/20and the Capital Strategy for 2019/20 to 2023/24.

Councillor Holland responded to questions put by Councillors Dale Heenan and Bob Wright regarding (i) alternative budget proposals received in response to the formal consultation, (ii) provision to alleviate recognised traffic management problems in Rodbourne, and (iii) the approval of the Local Transport Plan Capital Programme for 2019/20.

Resolved – (1) That the Devolved Formula Capital Grant is distributed once it has been received from Government as detailed in paragraph 3.12 of the report.

(2) That a budget of £1.018m be approved for the schemes referred to in paragraphs 3.3 to 3.12 of the report and detailed at Appendix 1 to the report.

(3) That a total budget of £5.074m be approved for the 2019/20 local priority Highways and Transport schemes, referred to in paragraphs 3.13 to 3.22 of the report and detailed at Appendix 2 to the report.

(4) That a total budget of £3.676m be approved for 2018/19 for Corporate & Property schemes, as referred to in paragraphs 3.23 to 3.32 of the report and detailed at Appendix 3 to the report.

(5) That a total budget requirement of £1.317m be approved for Children’s & Older Peoples proposals, as referred to in paragraphs 3.33 to 3.36 of the report and detailed at Appendix 4 to the report.

(6) That the use of CIL receipts be approved to support the existing capital programme of works at Junction 16, as detailed in paragraph 3.37.

(7) That the Capital Strategy 2019/20 – 2023/24, attached at Appendix 5 to the report, be approved.

(8) That Council be recommended to approve the Investment Strategy, attached as Annexe 3 to Appendix 5 of the report.

The reasons for the decision and alternative options are as set out in the report to the meeting.