This report presents the capital outturn position for the year ending 31 March 2017 and also provides an update on the treasury management position.  Capital expenditure is intrinsically linked with treasury management as the way that the capital programme is funded directly affects the treasury management arrangements of the Council.

In accepting the recommendations, Cabinet will approve and recommend to Council that the 2016/17 capital outturn position of £18,951,104 as detailed in paragraph 2.3 and attached at Annex A of the report be noted; the overspend of £567,348 and the underspend of £60,868 be approved; the requests for re-profiling the capital schemes totalling £742,706 from the 2016/17 programme to 2017/18 be approved; the request for re-profiling the additional capital schemes totalling £3,326,742 from the 2016/17 programme to 2017/18 be approved; the Hambleton Leisure Centre scheme total of £2,606,222 be noted; the request for the additional contribution of £308,526 for the Dalton Bridge Scheme and £33,000 for the demolition of Central Northallerton from the Economic Development fund be approved; the treasury management outturn position 2016/17 detailed in the report be noted and the Prudential Indicators attached at Annex C of the report be noted.

The subject of the decision:

This report presented the capital outturn position for the year ending 31 March 2017 and also provided an update on the annual treasury management position. 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.

Alternative options considered:

None.

The reason for the decision:

To ensure that the overall Capital programme remained affordable and sustainable over the 10 year approved capital plan.

THE DECISION:

That Cabinet approves and recommends to Council that:-

(1)     the 2016/17 capital outturn position of £18,951,104 as detailed in paragraph 2.3 and attached at Annex ‘A’ of the report be noted;

(2)     the over spend of £567,348 and the under spend of £60,868 as detailed in paragraph 2.8 of the report be approved;

(3)     the requests at paragraph 2.9 of the report for re-profiling the capital schemes totalling £742,706 from 2016/17 programme to 2017/18 be approved;

(4)     the request at paragraph 2.10 of the report for re-profiling the additional capital schemes totalling £3,326,742 from 2016/17 programme to 2017/18 be approved as attached at Annex B to the report;

(5)     the Hambleton Leisure Centre Scheme total of £2,606,222 as detailed in paragraph 4.1 of the report be approved;

(6)     the request at paragraph 4.2 of the report for the additional contribution of £308,526 for the Dalton Bridge Scheme and £33,000 for the demolition at Central Northallerton from the Economic Development fund and £30,576 for the management of the demolition site be approved;

(7)     the Treasury Management outturn position 2016/17 as detailed in the report be noted; and

(8)     the Prudential Indicators attached at Annex ‘C’ of the report be noted.