The subject of the decision:
This report presented the capital outturn position for the year ending 31 March 2019 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:
The reason for the decision:
To ensure that the overall Capital programme remained affordable and sustainable over the 10 year approved capital plan.
That Cabinet approves and recommends to Council that:-
(a) the 2018/19 capital outturn position of £15,730,840 at paragraph 2.3 and attached at Annex A of the report be noted;
(b) the over spend of £1,050,267 at paragraph 2.6 of the report and under spend of £205,048 be approved;
(c) the requests at paragraph 2.9 of the report for re-profiling the capital schemes totalling £504,460 from 2018/19 programme to 2019/20 and at paragraph 2.6 for re-profiling £58,870 from 2019/20 to 2018/19 be approved;
(d) the request at paragraph 2.10 of the report for re-profiling the capital schemes that changed during the year totalling £11,726,028 from 2018/19 programme to 2019/20 as attached in Annex B of the report be approved;
(e) the request to enable the Council to bank roll the timing difference for the Dalton Bridge BID contributions and additional voluntary contributions in paragraph 3.2 of the report of £274,407 and £70,247 be approved;
(f) the treasury management outturn position 2018/19 detailed at paragraph 12.4 of the report be noted; and
(g) the Prudential Indicators attached at Annex C of the report be noted.