Agenda item - Capital Resources and Capital Investment Programme 2017/18

Extract from the proceedings of the Policy, Resources & Growth Committee meeting held on the 9^th February 2017, together with a report of the Executive Director for Finance & Resources (copies attached).

80.1      The Mayor noted that the Capital Resources and Capital Investment Programme 2017/18 had been taken into consideration as part of the overall budget debate as detailed under Item 78 above.  He also noted that an amendment had been agreed, and therefore asked for the voting system to be activated and put the recommendations of the Policy & Resources Committee (1-7) as amended to the vote.

“It is proposed that the resources allocated to the Digital First capital programme be reduced by £0.700m, reflecting slippage on the programme experienced in 2016/17 and that these resources be used as below.

This will provide capital resources of £0.700m. It is proposed that these be used to:

·         Fund the remainder of the Contract Management business case, referred to in the Council’s Annual Governance Statement 2015/16, for three years at a cost of £0.600m. This may save £0.400m annually in future years which could be used to support re-profiling of the Digital First programme if desired;

·         Contribute towards basic facilities and infrastructure to allow the use of empty council buildings by rough sleepers, as agreed by all parties in a recent Full Council Notice of Motion, at a cost of £0.100m.

80.2      The Mayor confirmed that the motion had been carried unanimously.

80.3      RESOLVED: That the Capital Resources and Capital Investment Programme 2017/18 as amended be approved.