Decision details

RESOLVED:

That the following be approved:

1.    The £32m capital carry forward requests as detailed in Annex 1 to the submitted report.

2.    In addition to the £5m invested during 2017/18, a further investment in 2018/19 of £7m and then a further £8m in 2019/20 to improve the condition of the highways network.

3.    That the Chief Executive conduct a review of the capital programme to ensure alignment with the council’s strategy.

To note that:

4.    The Corporate Leadership Team had reviewed the savings areas identified for 2018/19 with particular focus on those where there is the lowest confidence level of achievability.  

5.    The business cases for the flexible use of capital receipts to support the 2018/19 budget had been reviewed by the Investment Panel.

6.    There were continuing indications of significant budget pressures in Special Educational Needs and Disabilities (SEND) greater than the assumptions in the Medium Term Financial Plan, which presented a risk to the overall financial position.

Reasons for Decisions:

To confirm the level of capital carry forward requests from 2017/18 and to provide an early, high level assessment and update of the financial position faced by the Council for 2018/19 for Cabinet to note, approve and action as necessary.

[The decisions on this item can be called in by the Corporate Overview Select Committee]