Issue - meetings

2014/15 Capital and Treasury Management Outturn Position

Meeting: 07/07/2015 - Cabinet (Item 8)

8 2014/15 Capital and Treasury Management Outturn Position pdf icon PDF 243 KB

This report presents the capital outturn position for the year ending 31 March 2015 and also an update on the annual Treasury Management position.  Capital expenditure is intrinsically linked with Treasury Management as the way that the Capital Programme is funded directly effects the Treasury Management arrangements of the Council.

 

In accepting the recommendations, Cabinet will approve and recommend to Council to note the 2014/15 capital outturn position of £1,620,795 at paragraph 2.3 and attached at Annex ‘A’ of the report; approve the under spend of £27,717 at paragraph 2.10 and over spend of £6,215 at paragraph 2.8 of the report; approve the requests at paragraph 2.12 of the report for re-profiling the capital schemes totalling £2,373,629 from 2014/15 programme to 2015/16; approve the requests at paragraph 2.13 of the report for re-profiling the additional capital schemes totalling £365,658 from 2014/15 programme to 2015/16; note the Treasury Management outturn position 2014/15 detailed at paragraph 9.2 of the report and note the Prudential Indicators attached at Annex ‘B’ of the report.

Minutes:

The subject of the decision:

 

This report presented the Capital outturn position for the year ending 31 March 2015 and also provided an update on the annual treasury management position.  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.

 

Alternative options considered:

 

None.

 

The reason for the decision:

 

To ensure that the overall Capital programme remained affordable and sustainable over the 10 year approved capital plan.

 

THE DECISION:

 

That Cabinet approves and recommends to Council that:-

 

(1)     the 2014/15 capital outturn position of £1,620,795 at paragraph 2.3 and attached at Annex ‘A’ of the report be noted;

 

(2)     the under spend of £27,717 at paragraph 2.10 and over spend of £6,215 at paragraph 2.8 of the report be approved;

 

(3)     the requests at paragraph 2.12 of the report for re-profiling the capital schemes totalling £2,373,629 from 2014/15 programme to 2015/16 be approved;

 

(4)     the requests at paragraph 2.13 of the report for re-profiling the additional capital schemes totalling £365,658 from 2014/15 programme to 2015/16 be approved;

 

(5)     the Treasury Management outturn position 2014/15 detailed at paragraph 9.2 of the report be noted; and

 

(6)     the Prudential Indicators attached at Annex ‘B’ of the report be noted.