Decision details

That Cabinet reviews whether proposals within the draft 2020/21 capital budget are reasonable in light of traditional liability levels identified in Appendix 1

That Cabinet reaffirms the principle that outside of the annual budget consideration that new schemes can only be added to the programme if the business case demonstrates that either:

·       they are self-financing, or

·       the scheme is deemed a higher priority (utilizing the priority matrix in the Capital Strategy) than a current schemes in the programme and displaces it.

That Cabinet notes the forecast capital receipt activity, and the prudence not to anticipate further significant additional receipts over this next 4 year window, until the uncertainties identified in para 4.4 have been resolved.

That Cabinet specifically approves the use of capital receipts totalling £1.416m in respect of utilizing a capitalization directive.

That Cabinet considers and re-affirms its agreement to the prudential indicators supplied in Appendix 6 and its interpretation in section 4 of the report.

Subject to any changes volunteered above, that Cabinet issues its draft capital budget proposals for 2020/21 to 2023/24 for consultation purposes as set out and referred to in Appendix 2.