The subject of the decision:

This report sought approval for the capital programme for the coming financial year 2014/15, which was informed by the 10 year capital programme; the revised 10 year capital programme 2014/15 to 2023/24; the treasury management strategy statement 2014/15 and the prudential and treasury indicators 2014/15.

Alternative options considered:

None.

The reason for the decision:

Cabinet was satisfied that this report linked to the efficient use of Council resources, where the capital programme 2014/15 demonstrated value for money in the implementation of the individual capital schemes and the treasury management strategy statement ensured the Council maximised its return on investments.  Both the capital programme and treasury management allowed more resources to be freed up to invest in the Council’s other priorities, values and imperatives.

THE DECISION:

That Cabinet approves and recommends to Council that:-

(1)     the capital programme 2014/15 detailed in Annex A be approved for implementation;

(2)     the revised 10 year Capital Programme be approved, as detailed in paragraph 2.2 of the report;

(3)     the Treasury Management Strategy attached at Annex B of the report be approved;

(4)     the Prudential and Treasury Indicators attached at Annex B in the body of the Treasury Management Strategy Statement be approved;

(5)     the revised Treasury Management Policy Statement at Annex C be approved; and

(6)     the scheme of delegation and role of the s151 officer attached at Annex D be approved.