Decision details

Capital Budget 2016/17

Decision Maker: Executive

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

To recommend to Council the annual budget.

Decision:

That the Executive:

 

      i.        Recommends to the Council

 

  1. General Fund capital funding of £59.983m for 2016/17 in respect of those schemes listed in Annexes A – E of the Borough Treasurer and Chief Executive’s report.
  2. The inclusion of an additional budget of £1m for Invest to Save schemes.
  3. The inclusion of £2.440m of expenditure to be funded from S106 as outlined in paragraph 5.33. of the Borough Treasurer and Chief Executive’s report.
  4. That those schemes that attract external grant funding are included within the Capital Programme at the level of funding received.

     ii.        Agrees that capital schemes that require external funding can only proceed once the Council is certain of receiving the grant.

 

    iii.        Reviews the indicative programme for 2017/18 and 2018/19 in the light of resources available and spending priorities in December 2016.

 

Reasons for the decision:

The reasons for the recommendations are set out in the Borough Treasurer and the Chief Executive’s report.

 

Alternative options considered:

The alternative options are considered in the Borough Treasurer and Chief Executive’s  report

Interests and Nature of Interests Declared:

None

Reason Key: Expenditure >£400,000 & Affects more than 1 ward.;

Wards Affected: (All Wards);

Financial Impact: Council's annual budget.

Declarations: Councillor Dr Barnard was a Trustee of Involve, the Berkshire Maestros and Keep Mobile and was a member of Bracknell Town and Warfield Parish Councils. Councillor Bettison was a member of Sandhurst Town Council, a member of Localis and the Chairman of the IESE Board. Councillor Birch was the Council representative for Involve, a Director of Bracknell Forest Homes, a member of Sandhurst Town Council and his wife was a member of the South Hill Park Joint Management Committee. Councillor Brunel-Walker was a member of Bracknell Town Council Councillor Mrs Hayes was a member of Winkfield Parish Council. Councillor Heydon was on the Board of Downshire Homes, a member of IESE and a member of Bracknell Town Council. Councillor McCracken was a member of the South Hill Park Joint Management Board, a member of Bracknell Town Council and his wife was a member of South Hill Park Councillor Turrell was a member of the South Hill Park Joint management Board and was a member of Bracknell Tow

Subject to Urgent Proceedings: No

Making Representations: In writing to the Borough Treasurer.

Other reasons / organisations consulted

The Council’s web site, a dedicated mailbox and a letter to all business ratepayers.

Consultees

Targeted consultation exercises will be undertaken with business rate payers, the Schools Forum, Parish Councils and voluntary organisations. In addition, this report and all the supporting information will be publicly available to any individual or group who wish to comment on any proposal included within it. Internal consultation is via officers, members and more specifically the Overview & Scrutiny Commission and its panels.

Contact: Alan Nash, Borough Treasurer Email: alan.nash@bracknell-forest.gov.uk Tel: 01344 352179, Calvin Orr, Head of Finance & Business Services Email: calvin.orr@bracknell-forest.gov.uk Tel: 01344 352125.

Report author: Alan Nash

Publication date: 23/02/2016

Date of decision: 23/02/2016

Decided at meeting: 23/02/2016 - Executive

Effective from: 09/03/2016

Accompanying Documents: