Decision Maker: Cabinet
Decision status: For Determination
Is Key decision?: Yes
Is subject to call in?: No
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: