The capital programme forms part of our medium term financial strategy which is updated in February each year. The 2019/20 capital programme represents funding allocations received to date, commitments from previous years and new capital schemes approved by the council in January 2019.
What is capital?
Spending can be classed as capital if the item or asset purchased has a life of more than one year. This can include buying or maintaining fixed assets such as buildings, roads, plant or equipment. Examples of capital schemes are highways maintenance, school improvements and investment in Fastershire broadband.
How do we pay for our capital spending?
We fund our capital programme through grants, borrowing and capital receipts from the sale of assets such as property. We also sometimes fund capital projects from our revenue budgets.