The subject of the decision:

This report provided the quarter 3 update at 31 December 2013 on the progress of the capital programme 2013/14 and the treasury management position.  A full schedule of the capital programme 2013/14 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 to Council that:

(1)     the net decrease of £136,299 in the capital programme to £2,480,600 and the detailed capital programme attached at Annex A be approved;

(2)     the movements in the capital programme detailed in Annex B of the report and below be approved:-

          (a)     increase in expenditure of £2,700 to be supported from Council reserves;

          (b)     decrease in expenditure of £48,999, reduction in Council funding

          (c)     reduction in scheme expenditure of £90,000, works completed by third party

(3)     the Capital Funding position and available reserve to support further capital schemes over the next 10 years at £3,406,054 be approved;

(4)     the treasury management activity at Annex C of the report and that there were no changes to the investment criteria at quarter 3 be approved;

(5)     the prudential and treasury indicators at Annex E of the report and that there were no changes at quarter 3 be approved.