Agenda item - Capital Resources & Capital Investment Programme 2013/14

Extract from the proceedings of the Policy & Resources Committee meeting held on the 14^th February 2013, together with a report of the Director of Finance (copies attached).

92.1         The Director of Finance confirmed that there had been no changes to the Capital Resources & Capital Investment Programme 2013/14 as a result of the amendments that had been accepted and therefore the recommendations remained as detailed in the report.

92.2         The Mayor noted the Director of Finance’s comments and put the recommendations to the vote, which were carried.

92.3         RESOLVED:

(1)               That the Capital Investment Programme for 2013/14 as detailed in appendix 1 to the report be approved;

(2)               That the estimated capital resources in future years as detailed in appendix 1 to the report be noted;

(3)               That the allocation of £0.250m resources in 2013/14 for the Strategic Investment Fund for the purposes set out in paragraph 3.25 of the report be approved;

(4)               That the allocation of £1.000m for the ICT fund be approved;

(5)               That the allocation of £1.000m for the Asset Management Fund be approved;

(6)               That the proposed use of council borrowing as set out in paragraph 3.17 of the report and appendix 3 to the report be approved.