This report provides the Quarter 3 update at 31 December 2014 on the progress of the Capital Programme 2014/15 and the Treasury Management position.  A full schedule of the Capital Programme 2014/15 schemes is attached at Annex ‘A’ of the report, together with the relevant update on progress of each scheme.

In accepting the recommendations, Cabinet will approve and recommend that Council approves the net decrease of £224,486 in the Capital Programme to £2,318,941 and the detailed Capital Programme attached at Annex ‘A’; approves all movements in the Capital Programme +/- £20,000, in accordance with financial regulations, as detailed in Annex ‘B’; notes the further overall decrease in the Capital Programme which are individually  below £20,000 as detailed in Annex ‘B’ and cumulatively total £18,083; notes the Capital Funding position - contributions of £266,704, capital receipts of £857,707 and £1,194,530 capital reserves; notes the Treasury Management activity at Annex ‘C’ and notes the Prudential and Treasury indicators at Annex ‘E’ and that there were no changes at Quarter 3.

The subject of the decision:

This report provided the Quarter 3 update at 31 December 2014 on the progress of the Capital Programme 2014/15 and the Treasury Management position.  A full schedule of the Capital Programme 2014/15 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 that Council:-

(1)     approves the net decrease of £224,486 in the Capital Programme to £2,318,941 and the detailed Capital Programme attached at Annex A of the report;

(2)     approves all movements in the Capital Programme +/- £20,000, in accordance with financial regulations, as detailed in Annex B of the report and below:

          (a)     the increase in capital expenditure of £20,000 for the Customer Service Web/Intranet Development to be funded from the ICT Customer Excellence Scheme;

          (b)     the decrease in expenditure of £20,000 for the ICT Customer Excellence Scheme to fund the Customer Service Web/Intranet Development;

          (c)     the decrease in expenditure of £206,403 for re-profiling from this year to 2015/16 £27,323 for Hambleton Leisure Centre Improvement Scheme, £19,080 for ICT Improvements scheme and £160,000 for Bedale Gateway Bypass;

(3)     notes the further overall increases in the Capital Programme which are individually below £20,000 as detailed in Annex B of the report and cumulatively total £18,083;

(4)     notes the Capital Funding position - contributions of £266,704, capital receipts of £857,707 and £1,194,530 capital reserves;

(5)     notes the treasury management activity at Annex C of the report;

(6)     notes the Prudential and Treasury indicators at Annex E of the report and that there were no changes at Quarter 3.