Decision

1. 1

The Director of Finance and Commercial Services submitted a report that provided details of proposed changes to the capital programme in relation to the Stocksbridge Towns Fund 3G Pitch Scheme.

1. 2

RESOLVED: That the Finance and Performance Policy Committee:-

(a)  approves the proposed variation to the Capital Programme listed in Appendix 1 of the report; and

(b)  approves the council entering into agreements to provide funding for 3rd parties as identified in Appendix 2 of the report.

(NOTE: The result of the vote was FOR – 5 Members; AGAINST – 0 Members; ABSTENTIONS – 2 Members (Councillor Glynis Chapman and Councillor Mike Levery).

1. 3

Reasons for Decision

1. 3.1

The proposed changes to the Capital programme will improve the services to the people of Sheffield.

1. 3.2

To formally record changes to the Capital Programme and gain Member approval for changes in line with Financial Regulations and to reset the capital programme in line with latest information.

1. 4

Alternatives Considered and Rejected

1. 4.1

Several alternative courses of action are considered as part of the process undertaken by Officers before decisions are recommended to Members. The recommendations made to Members represent what Officers believe to be the best options available to the Council, in line with Council priorities, given the constraints on funding and the use to which funding is put within the Revenue Budget and the Capital Programme.