Issue - items at meetings - Capital Resources and Capital Investment Report 2016/17

Report of the Acting Executive Director for Finance & Resources (copy attached).

That the Committee recommend to Council the following:

1)     The Capital Investment Programme for 2016/17 in appendix 1.

2)     To note the estimated capital resources in future years as detailed in appendix 1.

3)     To allocate £0.25m resources in 2016/17 for the Strategic Investment Fund for the purposes set out in paragraph 3.19.

4)     To note the £2.0m for the ICT fund for investment into the Customer First in a Digital Age strategy.

5)     To allocate £1.0m for the Asset Management Fund.

6)     The proposed use of council borrowing as set out in paragraph 3.36 and appendix 3.

123.1    The Committee considered a report of the Acting Executive Director for Finance & Resources in relation to the Capital Resources and Capital Investment Programme 2016/17. The purpose of the report was to inform the Committee of the level of available capital resources in 2016/17 to enable the Committee to propose a Capital Investment Programme for 201617 to Budget Council.

123.2    In response to Councillor Janio Officers agreed to provide the spend in previous years by of context; this would be circulated after the meeting.

123.4    In response to Councillor Wealls it was agreed that an update in relation to the Customer First in a Digital Age Programme would be circulated to the Committee following the meeting.

123.5    The Chair then put the recommendations to the vote:

123.6    RESOLVED TO RECOMMEND: That the Committee recommend to Council the following:

1)     The Capital Investment Programme for 2016/17 in appendix 1.

2)     To note the estimated capital resources in future years as detailed in appendix 1.

3)     To allocate £0.25m resources in 2016/17 for the Strategic Investment Fund for the purposes set out in paragraph 3.19.

4)     To note the £2.0m for the ICT fund for investment into the Customer First in a Digital Age strategy.

5)     To allocate £1.0m for the Asset Management Fund.

6)     The proposed use of council borrowing as set out in paragraph 3.36 and appendix 3.