Decision details

2022/23 Q3 Capital Monitoring and Treasury Management Report

Decision Maker: Cabinet

Decision status: For Determination

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 2022 on the progress of the Capital Programme 2022/23 and the Treasury Management position.  A full schedule of the Capital Programme 2022/23 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 reduction of £2,348,003 in the 2022/23 capital programme to £19,295,090 and all expenditure movements as detailed in Annex B and also in the capital programme attached at Annex A of the report;

 

(2)      the decrease of capital expenditure of £2,348,003 be funded from reduced levels of borrowing than previously anticipated in this financial year, offset by additional external grants; and

 

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

 

Note: Councillor S Watson arrived at the meeting at 9.31am.

Reason Key: Expenditure > £50,000;

Wards Affected: All Wards;

Other reasons / organisations consulted

None

Consultees

None

Contact: Justin Ives, Chief Executive Email: justin.ives@hambleton.gov.uk.

Report author: Justin Ives

Publication date: 08/02/2023

Date of decision: 07/02/2023

Decided at meeting: 07/02/2023 - Cabinet

Accompanying Documents: