Agenda item - Capital Resources and Capital Investment Programme 2014/15

Extract from the proceedings of the Policy & Resources Committee meeting held on the 13^th February 2014, together with a report of the Executive Director for Finance & Resources (copies attached).

88.1         The Mayor then asked for the electronic voting system to be activated and put the recommendations affecting the Capital Resources and Capital Investment Programme 2014/15 to the vote.

88.2          The Mayor confirmed that the motion had been carried by 33 votes to 15 with one abstention.

88.3         RESOLVED:

(1)               That the Capital Investment Programme for 2014/15 in Appendix 1to the report be approved;

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

(3)               That the allocation of £0.25m resources in 2014/15 for the Strategic Investment Fund for the purposes set out in paragraph 3.15 of the report be approved;

(4)               That the allocation of £2.0m for the ICT fund be approved;

(5)               That the allocation of £1.0m for the Asset Management Fund be approved; and

(6)               That the proposed use of council borrowing as set out in paragraph 3.31 and appendix 3 to the report be approved.