Agenda item

Capital Management Report - Quarter 1

To consider and provide a recommendation to Cabinet on the proposals set out in the attached report.


Clare Hazard, Accountancy Manager introduced the report set out in the agenda.


Discussion and questions from Members included the following:


-       Appendix D provided a breakdown of the overall Capital Programme to 2024/25. 

-       The second table in Appendix D explained how the Capital Programme would be funded.

-       Approval had been given to use up to £3,348,000 from the Public Works Loan Board but as yet it had not been allocated.  It was therefore a potential source of funding rather than a Quarter 1 outturn. 

-       Of the £77k of S106 funding due to expire in 2021/22, £51k was included in the Capital Programme, the remaining amount had been allocated to two smaller schemes (not part of the Capital Programme) and it was expected the money would be spent this year. 

-       Details of the S106 money due to be allocated to Goudhurst (£3,000) would be reverted after the meeting. 


RESOLVED – That the recommendations to Cabinet as set out in the report be supported.





Supporting documents: