Decision details

2015/15 Quarter 1 Capital Monitoring and Treasury Management Report

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: No

Decisions:

The subject of the decision:

 

This report provided the quarter 1 update at 30 June 2015 on the progress of the capital programme 2015/16 and the Treasury Management position.  A full schedule of the Capital Programme 2015/16 schemes was attached at Annex A of the report, together with the relevant update on progress of each scheme.

 

Alternative options considered:

 

None.

 

The reason for the decision:

 

To comply with the requirements of the Local Government Act 2003 and the Chartered Institute of Public Finance and Accountancy (CIPFA) Prudential Code and the CIPFA Treasury Management Code of Practice.

 

THE DECISION:

 

That Cabinet approves and recommends that Council approves:-

 

(1)     the net increase of £796,579 in the Capital Programme to  £41,026,866 as detailed in Annex ‘B’ and also in the Capital Programme attached at Annex ‘A’ of the report;

 

(2)     the increase of capital expenditure is funded from earmarked reserves at £1,336,579, where £952,079 is funded from capital receipts, £374,500 from the Economic Development Fund and £10,000 from the Computer Fund;

 

(3)     the increase of capital expenditure £385,000, funded from external contributions;

 

(4)     the funding allocation to the Capital Programme as detailed in paragraph 3.1 of the report;

 

(5)     that temporary short term borrowing can occur if the need arises, in relation to the investment in the loan to Broadacres in order to assist in the Treasury Management of the Council’s cash flow as detailed in paragraph 5.4 of the report; and

 

(6)     the Treasury Management and Prudential Indicators at Annex ‘E’ of the report.

Reason Key: Expenditure > £50,000;

Wards Affected: (All Wards);

Other reasons / organisations consulted

None

Consultees

None

Contact: Louise Branford-White, Director of Finance (s151 Officer) Email: louise.branford-white@hambleton.gov.uk.

Report author: Louise Branford-White

Publication date: 02/09/2015

Date of decision: 01/09/2015

Decided at meeting: 01/09/2015 - Cabinet

Accompanying Documents: