Decision Maker: Executive
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
To approve the Council’s budget
proposals for consultation.
i. a Council funded capital programme of £13.751m for 2019/20 as set out in paragraph 5.17 of the Director: Finance’s report and summarised in Annex A, including the new schemes listed in Annexes B – E, is approved for consultation.
ii. the inclusion of £11.436m of expenditure to be externally funded as outlined in paragraph 5.17 of the Director: Finance’s report is approved for consultation.
iii. the inclusion of £1.025m of expenditure to be funded from S106 as outlined in paragraph 5.18 of the Director: Finance’s report is approved for consultation.
iv. the inclusion of an additional budget of £1m for Invest-to-Save schemes is approved for consultation.
v. a supplementary capital approval in 2018/19 of £0.25m for the relocation of the Education Centre to the Open Learning Centre as set out in para 5.20 of the Director: Finance’s report, funded from the capital receipt generated from the disposal of Easthampstead Park Conference Centre, is approved.
vi. the granting of a loan of £68,000 to the South Hill Park Trust on the terms set on in paragraph 5.21 of the Director: Finance’s report, to help fund improvement works that will enable further income generating activities and help the Trust secure its medium-term financial position, is approved.
vii. the virements set out in Annex F of the Director: Finance’s report to reflect the changed needs and priorities within the Schools Capital Programme, is approved.
viii. the Capital Strategy as outlined in para 5.22 and attached in Annex G of the Director: Finance’s report is approved.
The reasons for the recommendations are set out in the report.
The alternative options are considered in the report.
Reason Key: Expenditure >£400,000 & Affects more than 1 ward.;
Wards Affected: (All Wards);
Financial Impact: Council’s annual budget proposals.
Subject to Urgent Proceedings: No
Making Representations: In writing to the Director: Finance
Other reasons / organisations consulted
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
Business rate payers, the Over 50’s Forum, the Schools Forum, Parish Councils and voluntary organisations.
Contact: Calvin Orr, Head of Finance & Business Services Email: email@example.com Tel: 01344 352125.
Report author: Calvin Orr
Publication date: 18/12/2018
Date of decision: 18/12/2018
Decided at meeting: 18/12/2018 - Executive
Effective from: 28/12/2018