The report of the City Treasurer is enclosed.

A report concerning requests to increase the capital programme was submitted. We approved five changes under delegated powers. These changes would increase Manchester City Council’s capital budget by £3.533m in 2018/19 and by £0.508m in 2019/20.

Decisions

To approve the following changes to the City Council’s capital programme:

1.         Highways – SEMMMS A6 Scheme. An increase in the capital budget of £2.962m in 2018/19, funded by Department for Transport grant (DfT).

2.         Highways – Large Patching Programme. An increase in the capital budget of £0.439m in 2018/19, funded by Department for Transport grant via Greater Manchester Combined Authority (GMCA).

3.         Highways – School Crossings Programme. An increase in the capital budget of £0.132m in 2018/19, funded by external contributions from Transport for Greater Manchester (TfGM).

4.         Highways – MSIRR Great Ancoats Improvement Scheme. An increase in the capital budget of £0.308m in 2019/20, funded by external contributions from Transport for Greater Manchester (TfGM).

5.         Corporate Services – Band on the Wall Loan. An increase in the capital budget of £0.2m in 2019/20, funded by capital fund.