Issue - meetings

To consider the report of the Borough Treasurer.

Consideration was given to the report of the Borough Treasurer as contained on pages 275 to 286 of the Book of Reports which set out details on the General Revenue Account (GRA) medium term capital receipt programme position for the next three years.

Comments and questions were raised in respect of the following:

• The number of Asset Sale Proceeds
• Right to buys and the impact on the Housing Revenue Account

The Director of Housing and Inclusion gave an undertaking to provide Members with the number of total Council housing the Council currently has. 

RESOLVED:   That the report be noted.

(Relevant Portfolio Holder: Councillor Yates)

Councillor Yates introduced the report of the Borough Treasurer which set out details on the GRA medium term capital programme position for the next 3 years.

In reaching the decision below, Cabinet considered the details as set out in the report before it and accepted the reasons contained therein.

RESOLVED  (A)    That the medium term financial position be noted, and consideration given to how a balanced capital programme can be achieved.

(B)    That the Portfolio Holder for Finance be given delegated authority to submit firm proposals to Council on 28 February 2018 to enable the capital programme to be set.

(C)    That call-in is not appropriate for this item as it is to be submitted to the Executive Overview and Scrutiny Committee on 25January 2018.