Decision status: Deleted
Is Key decision?: Yes
Is subject to call in?: Yes
To seek approval for the revised 5 year capital programme and funding forecast.
(1) That the latest five-year forecast of capital receipts be noted;
(2) That the level of usable capital receipts currently predicted to be £1,700,000 at 31 March 2021 be noted;
(3) That external borrowing of an estimated £24,056,000, necessary to support the General Fund capital programme, be noted; and
(4) That the following amendments to the Capital Programme be recommended to Council to approve:
(a) a supplementary capital estimate in the sum of £346,000 for the St John’s Road development;
(b) a supplementary capital estimate in the sum of £28,000 for grounds maintenance vehicles to be financed from external sources; and
(c) a supplementary Capital estimate in the sum of £130,000 for Disabled Facility Grants to be financed from a Central Government Grant;
(5) That the following amendments to the Capital Programme be approved:
(a) a reduction of £191,000 in 2016/17 and £200,000 thereafter for private sector housing loans;
(b) virements in 2016/17 in respect of:
(i) £12,000 to the Museum Development project from the Bridgeman House allocation within the General Fund; and
(ii) £200,000 to Structural Repairs from the Kitchen Replacement Programme within the Housing Revenue Account; and
(c) carry forwards totalling £8,060,000 from 2016/17 to 2017/18 in respect of the General Fund Schemes listed below:
(i) General ICT £32,000;
(ii) Langston Road Shopping Park £7,190,000;
(iii) Car Parking Schemes £62,000;
(iv) Waste Management Equipment £28,000;
(v) Flood Alleviation Schemes £20,000;
(vi) Purchase of Bridgeman House £297,000;
(vii) CCTV Systems £128,000;
(viii) Housing Estate Parking £50,000; and
(ix) Parking Review Schemes £253,000; and
(d) carry forwards totalling £8,947,000 from 2016/17 to 2017/18 in respect of the Housing Revenue Account Capital schemes listed below:
(i) New House Building & Purchases £4,043,000;
(ii) Communal Water Tanks £100,000;
(iii) Windows/Doors/Roofing £225,000;
(iv) Other Planned Maintenance £22,000;
(v) Structural Schemes £100,000;
(vi) Bathroom Replacements £400,000;
(vii) Garages & Environmental Improvements £585,000;
(viii) North Weald Depot £3,130,000;
(ix) Other Repairs & Maintenance £33,000; and
(x) Capital Service Enhancements £309,000.
Report author: Teresa Brown
Publication date: 03/01/2017
Date of decision: 01/12/2016
Decided at meeting: 01/12/2016 - Cabinet
Effective from: 16/12/2016
Accompanying Documents: