Issue - meetings

The Council is asked to approve the Council’s Flexible Use of Capital Receipts Strategy and an increase in the capital programme budget to fund transformation expenditure, in the light of a report by the Cabinet Member for Finance and Resources.

55.1     The Cabinet Member for Finance and Resources moved the report on the proposed Flexible Use of Capital Receipts Strategy and an increase in the capital programme budget to fund transformation expenditure (pages 49 to 52).

55.2     It was proposed by Mr Jones and seconded by Mr Oxlade that the report should be deferred to the next Council meeting to allow scrutiny of the proposal.

55.3     The proposition was put to a recorded vote under Standing Order 3.35.

(a)         For the proposition – 13

Mr Buckland, Mr Fitzjohn, Ms Goldsmith, Mr Jones, Ms Lord, Mrs Millson, Dr O’Kelly, Mr Oppler, Mr Oxlade, Mr Quinn, Mr Smytherman, Ms Sudan and Dr Walsh.

(b)         Against the proposition - 44

Lt Cdr Atkins, Mr Baldwin, Mr Barnard, Mr Barrett-Miles, Mrs Bennett, Mr Boram, Mr Bradbury, Mr Bradford, Mrs Bridges, Mrs Brunsdon, Mrs Burgess, Mr Burrett, Mr Catchpole, Mr Cloake, Mr Crow, Mrs Dennis, Mr Edwards, Mr Elkins, Ms Flynn, Mrs Hall, Mr High, Mr Hillier, Mr Hunt, Mrs Jupp, Mr Jupp, Mrs Kitchen, Mr Lanzer, Mr Lea, Mr Markwell, Mr Marshall, Mr McDonald, Mr Mitchell, Mr Montyn, Mr R J Oakley, Mr S J Oakley, Mr Patel, Mrs Pendleton, Mrs Purnell, Mrs Russell, Mr Simmons, Mrs Sparkes, Mr Turner, Mr Waight, Mr Whittington and Mr Wickremaratchi.

(c)         Abstentions – 6

Mr Acraman, Mrs Arculus, Dr Dennis, Mrs Jones and Mrs Urquhart.

55.4     The proposition was lost.

55.5     Resolved –

(1)        That the Flexible Use of Capital Receipts Strategy for 2019/20, as set out in paragraphs 8 and 9 of the report, be approved to comply with the Secretary of State for Communities and Local Government’s Direction for the use of capital receipts to fund service reform and transformation;

(2)        That an increase in the capital programme budget for 2019/20 of up to £7m be approved to reflect the capitalisation of the transformation activities to be funded by capital receipts under the Flexible Use of Capital Receipts Strategy, as set out at Appendix A to the report; and

(3)        That an increase of up to £7m in the Council’s 2019/20 Capital Expenditure Prudential Indicator to £115.995m be approved.