Capital Strategy 2012/13 to 2015/16
SUMMARY
The purpose of this report was to set the Capital Strategy for the period 2012/13 to 2015/16, based around two over-riding principles:
§ The capital programme was priority led, in that it particularly reflected the need for growth on the Shropshire economy and flourishing local communities; and
§ That the revenue costs of the capital programme were affordable.
1.2 The updated capital programme contained in this report, incorporated the updated capital grant allocations for 2012/13 and followed a review of the programme to re-prioritise schemes based on current priorities and to ensure the programme was affordable based on the projected level of capital resources available to the Council.
Rachel Musson - Cabinet
Recommendations:
Members were asked to:
A. Approve the revised capital programme of £69.5m in 2012/13, as set out in appendix 2.
B. Approve the revised provisional capital programmes of £42.8m for 2013/14, £32.1m for 2014/15 and £1.7m for 2015/16, as set out in appendix 2.
C. In accordance with the regulations, to approve a Capital Allowance of £1 million for 2012/13 to enable the Council to retain in full, capital receipts received from the disposal of Housing Revenue Account (HRA) assets (excluding Right to Buy sales). Furthermore, that the capital receipts from such sales are reserved for expenditure on the Council’s housing stock.
Decisions reached:
As per the recommendations above.
Attached items/documents:
Need help?- 13 Capital Strategy 201213 to 201516.pdf
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- 13A Appendix 1 Corporately Financed schemes 201213 to 201516.pdf
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- 13B Appendix 2 Capital Programme 201213 to 201516.pdf
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