FINANCING OF CAPITAL PROGRAMME															
															
Table 1 : Summary Position								Table 2: Financing Details							
															
	2001/02	2002/03	After 2002/03	TOTAL						2001/02	2002/03	After 2002/03	TOTAL		
	£000	£000	£000	£000						£000	£000	£000	£000		
								CREDIT APPROVALS							
Financing															
Credit Approvals	36,330 	39,684 	13,933 	89,947 				Annual Capital Guidelines							
Direct Revenue Financing	1,595 	2,508 	1,968 	6,071 					Education	14,351 	14,084 	7,820 	36,255 		
Capital Reserve 	2,906 	70 	140 	3,116 					Transport		18,613 	1,781 	20,394 		
Capital Receipts	13,667 	18,706 	27,060 	59,433 					Social Services	559 	550 		1,109 		
									Other Services	575 	577 		1,152 		
Total Finance Available	54,498 	60,968 	43,101 	158,567 					Discretionary BCA Unallocated		1,319 		1,319 		
								Sub-Total		15,485 	35,143 	9,601 	60,229 		
Payments/ Notional Payments															
Committee Payments (*)	48,375 	60,214 	14,449 	123,038 				less Receipts taken into account		(972) 	(738) 		(1,710) 		
Planned Payments awaiting Project Appraisals	260 	3,584 	8,850 	12,694 											
Professional Fees	5,183 	2,886 	2,831 	10,900 				Basic Credit Approval		14,513 	34,405 	9,601 	58,519 		
Professional Fees: Property Client	425 	425 	438 	1,288 											
Capitalisation of Revenue		(1,000) 	(500) 	(1,500) 				Supplementary Credit Approvals							
HOP's Revenue/Capital Switch		2,441 	2,062 	4,503 					Education	1,346 	3,170 	4,332 	8,848 		
Initial Cost of Leases									Transport	20,199 	2,797 		22,996 		
Disbursements	50 	50 	50 	150 					Social Services	200 	209 		409 		
Potential Slippage		(2,000) 	2,000 						Other	72 			72 		
Total Payments/ Notional Payments	54,293 	66,600 	30,180 	151,073 											
								Total Credit Approvals		36,330 	40,581 	13,933 	90,844 		
Financing Surplus(+)/ Shortfall (-)	205 	(5,632) 	12,921 	7,494 											
								Direct Revenue Financing							
(*) Net of Grants & Contributions									Specific	1,595 	2,508 	1,968 	6,071 		
															
Financing Surplus(+)/ Shortfall (-)								Total Direct Revenue Financing		1,595 	2,508 	1,968 	6,071 		
Main Capital Programme	3,072 	(3,270) 	7,692 	7,494 											
City Schools Review	(2,867) 	(2,362) 	5,229 					Capital Receipts							
	205 	(5,632) 	12,921 	7,494 				Total Receipts after Debt Repayment		14,067 	19,106 	27,460 	60,633 		
															
								less Associated Cost of Sale		(400) 	(400) 	(400) 	(1,200) 		
															
								Total Usable Receipts		13,667 	18,706 	27,060 	59,433