Issue - meetings

Report number CHFR117 by the Assets & Resources Portfolio Holder.                                          (Enclosure)

DECISION:- To approve the revised Capital Programme for 2008/09 as set out in report CHFR117, including:-

(i)                         The revised Housing Capital Programme (appendix A of report CHFR117)

(ii)                       The revised General Fund Programme (appendix B)

(iii)                     The revised summary Financing Statement (Appendix C)

Council had before them report CHFR117 of the Portfolio holder – finance and assets which provided members with an update on the progress of the delivery of the Capital Programme for 2008/09. The report also identified for approval certain amendments to the programme to take account of the outturn position for 2007/08 and the current officer and contractor capacity to deliver the programme by the end of the financial year.

The report represented a complete review of the Capital Programme for 2008/09. The Housing Capital Programme for 2008/09 had been reviewed in the light of current and future contractual commitments for the completing of work on the Council’s housing stock in the remaining part of 2008/09. The General Fund had also been reviewed to reflect slippage for the 2007/08 Programme and new additional projects that had been scored by the Capital Assets and Management Group.

At present there had been no amendment to the General Fund or Housing Capital Programme for future years. The Capital Asset Management Group had completed scoring of capital bids in accordance with the Council’s capital scoring matrix. A full review of the Capital Programme for the financial years 2009/10 – 2011/12 will be undertaken at the time of budget setting in March 2009. The interim S.151 officer detailed the projects within the Programme that had slipped. He also confirmed that an updated strategy on fees and charges would be reported to Cabinet in October 2008.

In reply to a question from a member, the monitoring officer and interim S.151 officer confirmed that the road at Manor Drive, Grantham was owned by the owners of the adjoining properties whereas the roads at Alma Park were owned by SKDC.

The motion was duly proposed, seconded and carried.

Report number CHFR112 by the Assets and Resources Portfolio Holder.                                                               (Attached)

DECISION:To recommend to Council

(1)           the approval of the revised housing capital programme as attached at appendix A to report CHFR112;

(2)           the approval of the revised general fund programme as attached at appendix B to report CHFR112;

(3)           the approval of the revised summary financial statement as attached at appendix C to report CHFR112.

Considerations/Reasons for decision:

(1)            Report number CHFR112 and accompanying papers representing a complete review of the capital programme for 2008/09 and progress with its delivery.  The housing capital programme for 2008/09 had been reviewed in the light of current and up coming contractual commitments for completing work on the Council’s housing stock in the remaining part of 2008/09.  The general fund had been reviewed to reflect slippage from the 2007/08 programme and new additional projects that had been scored by the capital assets and management group;

(2)            A review of the capital programme is necessary to both ensure good financial planning and an up to date document which fully reflects the Council’s spending programme;

(3)            The capital programme has been amended to take account of the outturn position for 2007/08 and the current officer and contractor capacity to deliver the programme by the end of the financial year.

Other options considered and assessed: None – the review is necessary to ensure good financial planning.