Capital Plan
The Council approved its Capital Plan for 2016/17 on 30 March 2016. Carry forwards from 2015/16 were approved by the Council on 25 May 2016.
The Council recognises five principal drivers for capital expenditure:
Legislative requirements
Efficiencies or spend to save projects
Maintenance of assets and operations at current approved levels
Service developments
Council priorities
Capital expenditure is funded from three sources: capital grants from Scottish Government and other sources; capital receipts from the sale of assets or from developer contributions; borrowing.
When the Council borrows for capital expenditure, the capital financing charges incurred are met from the revenue budget. Therefore the Capital Plan has a direct impact on the revenue budget and the two are considered jointly at the same budget-setting meeting of Council.
A summary of the Plan can be reached from the link below.