Issue - decisions

2018/19 Q3 Capital Monitoring and Treasury Management Report

13/02/2019 - 2018/19 Q3 Capital Monitoring and Treasury Management Report

The subject of the decision:

 

This report provided the quarter 3 update at 31 December 2018 on the progress of the Capital Programme 2018/19 and the Treasury Management position.  A full schedule of the Capital Programme 2018/19 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 increase of £857,047 in the capital programme to £15,331,211 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 £11,845,413 where £45,000 is from the Council Tax Payers Reserve Fund, £49,313 is from external grants/contributions and £11,751,100 is funded from surplus funds or borrowing;

 

(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.