Issue - items at meetings - Capital Resources & Capital Investment Programme 2010/11

Report of the Director of Finance & Resources (copy attached).

(1)         That Cabinet recommends Council to:

(a)      Agree the Capital Investment Programme for 2010/11 and note the estimated resources in future years as detailed in appendix 1.

(b)      Allocate £0.6m resources in 2010/11 for the Strategic Investment Fund and agree the allocation of Strategic Investment Fund resources as set out in paragraph 3.23.

(c)       Allocate £0.435m for the ICT fund.

(d)      Allocate £1.0m for the Asset Management Fund.

(e)      Agree the potential use of unsupported borrowing as set out in table 6.

176.1                That Cabinet considered a report of the Director of Finance & Resources informing Members of the level of available capital resources in 2010/11 to enable Cabinet to propose a Capital Investment Programme for 2010/11 to Budget Council (month 9) (for copy see minute book).

176.2                RESOLVED - That, having considered the information and the reasons set out in the report, the Cabinet accepted the following recommendations:

(1)         That Council be recommended to:

(a)         Agree the Capital Investment Programme for 2010/11 and note the estimated resources in future years as detailed in appendix 1.

(b)         Allocate £0.6m resources in 2010/11 for the Strategic Investment Fund and agree the allocation of Strategic Investment Fund resources as set out in paragraph 3.23.

(c)         Allocate £0.435m for the ICT fund.

(d)         Allocate £1.0m for the Asset Management Fund.

(e)         Agree the potential use of unsupported borrowing as set out in table 6.