APPENDIX A.1 - GENERAL FUND CAPITAL PROGRAMME 2003/2004 : Council on 18/02/2003

Waverley Borough Council Committee System - Committee Document

Meeting of the Council held on 18/02/2003
APPENDIX A.1 - GENERAL FUND CAPITAL PROGRAMME 2003/2004

APPENDIX A.1

COUNCIL MEETING – 18TH FEBRUARY 2003

REPORT OF THE EXECUTIVE – 4TH FEBRUARY 2003

GENERAL FUND CAPITAL PROGRAMME 2003/2004

[Wards Affected: All]

Introduction

1. Initial proposals for the 2003/2004 Capital Programme, together with comments from the Overview and Scrutiny Committees, were considered by the Executive on 10th December 2002. The Executive made a number of amendments in order to bring the Programme in line with the resources available. These amendments were considered by the Overview and Scrutiny Committees in January and they had no specific observations to make.

Draft 2003/2004 Capital Programme

2. The amended proposals for the 2003/2004 Capital Programme are in line with the resources available within Waverley’s Financial Strategy. The proposed programme is shown in detail at Annexe 1.

3. The Information Technology programme is in accordance with Waverley’s statement under the Implementing Electronic Government Initiative, which was agreed by the Executive on 28th August 2001. Waverley has been awarded a grant of Ł200,000 for 2002/2003 to facilitate the implementation of this initiative and further grant of Ł200,000 for 2003/2004 has now been confirmed.

Matched-Funding

4. Currently, the Capital Programme includes an overall annual provision of Ł300,000 for Matched-Funding schemes. It is now clear that a balance of Ł300,000 will also be available in the Matched-Funding Provision for 2003/2004. However, this provision has been reduced by Ł5,000 with a corresponding increase in the amount available for sponsored organisations, in line with recommendations by the Executive. The continuation of the annual provision for Matched-Funding beyond 31st March 2004 will be subject to additional resources being allocated for this purpose.

5. Proposals to address this issue are contained within the General Fund Revenue Estimates report at Appendix A.2.

Conclusion

6. The Executive accordingly

RECOMMENDS that:

1. the General Fund Capital Programme for 2003/2004 as shown at Annexe 1 be approved; and

2. the financing proposals as shown at Annexe 2 be approved.

Background Papers (DoF)
There are no background papers (as defined by Section 100D(5) of the Local Government Act 1972) relating to this report.

comms/council/2002-03/081