Decision details

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.