Cabinet considered the recommendation of Cabinet on the Capital Programme for the period 2020/21 to 2023/24 in the light of the available resources and the corporate priorities.
The potential cost of the schemes proposed in the 2020/21 programme totalled £65,636,700. All bids on the Capital Programme were critically assessed and reviewed by Management Team and Cabinet to reflect the level of capital resources now available to finance future capital expenditure.
Resolved to:
1. Approve the Capital Programme for 2020/21 to 2023/24
2. Approve the Prudential Indicators for 2020/21 to 2023/24.
Cabinet considered a report on the Capital Programme 2020/21 to 2023/24, in the light of the available resources and corporate priorities. The report covered progress on current schemes and included future schemes for consideration. The report also provided information on the availability of resources to continue moving forward with the proposed capital schemes within the Programme.
All bids for the Capital Programme had been critically assessed and reviewed by Management Team and Cabinet to ensure they met the criteria of Capital expenditure. The level of spend had also been reviewed to reflect the capital resources available.
Resolved to recommend that Council approves:
1. the Capital Programme for 2020/21 to 2023/24 and
2. the Prudential Indicators for 2020/21 to 2023/24.
Reason for decision
To allow the authority to spend its capital resources for the financial year 2020/21.