Decision details

2017/18 Q3 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 3 update at 31 December 2017 on the progress of the Capital Programme 2017/18 and the Treasury Management position.  A full schedule of the Capital Programme 2017/18 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:

 

Capital expenditure was intrinsically linked with Treasury Management as the way that the Capital Programme was funded directly affected the Treasury Management arrangements of the Council.

 

THE DECISION:

 

That Cabinet approves and recommends to Council:-

 

(1)     the net decrease of £1,276,256 in the capital programme to £6,087,595 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 £461,410 where £138,280 is funded from capital receipts, £95,130 is from the Economic Development Fund and £228,000 is from external grants/contributions;

 

(3)     the funding allocation to the capital programme as detailed in paragraph 3.1 and 3.2 of the report; and

 

(4)     the Treasury Management and Prudential Indicators at Annex E of the report.

Reason Key: Affects more than 2 wards;

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: 07/02/2018

Date of decision: 06/02/2018

Decided at meeting: 06/02/2018 - Cabinet

Accompanying Documents: