Issue - meetings

The Head of Finance and Resources, Paul Riley, presented the future Capital Programme report, produced as part of the consideration of the Medium Term Financial Strategy. Mr Riley highlighted the Capital Funding 2014/15 onwards and Capital Programming 2015/16 onwards figures, which summarised the current position.

The Committee was advised that the provisional calculation of New Homes Bonus receipts for 2015/16 was based upon an additional 431 dwellings the figure in the programme represented 65% of the £4.2m settlement that had now been given by government  Since the report was written the Government had confirmed the New Homes Bonus figure at £4.3 million. This figure would be amended for the report to Cabinet in February. Within Planning, Transport and Development, it was explained that the figures estimated for the Bridges Gyratory and Sustainable Transport Scheme represented the maximum value of possible funding.

In response to questions the Committee heard that:

·  The Improvements to Play Areas scheme was likely to be progressed in stages, and included improvements throughout urban and rural areas.

·  The matter of prudential borrowing would be accounted for within the business plan of each project when presented for decision to Cabinet.

RESOLVED: That the report be noted.