Agenda item

The Finance Portfolio Holder reported on the capital outturn for 2015/16 and sought approval for any carry forward of budgets into the 2015/16 Capital Programme. He included a breakdown of the actual performance against the 2015/16 capital prudential indicators.

Members noted the intention to borrow to acquire assets to assist with economic development and regeneration, provided that the assets would generate a return adequate to service any required loans.

Recommended to Council that

(i)        the carry forward budget provision of £1.161 million from 2015/16 into 2016/17 be approved;

(ii)       the revised 2016/17 Capital Programme of £2.706 million be noted; and

(iii)      the final capital prudential indicators for 2016/17 be noted.