Agenda item

The Assistant Director, Finance and Audit, stated that the Council had a wide ranging number of capital commitments and purposes. The core principles which guided the capital stately were highlighted. It was noted that the Council had a variety of sources of funding for the capital strategy, the majority of which came via grant funding and capital receipts.

A Member requested further details regarding the allocation of the Community Investment Fund. It was explained that the Community Investment      Fund Programme for 2015/16 had an indicative budget of £650k with the majority of this fund being spent on neighbourhood enhancements through identified Member need in the wards across the Borough.     

Resolved – That the report be noted.