This report provides the Quarter 1 update at 30 June 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 to the report, together with the relevant update on progress of each scheme.

In accepting the recommendations, Cabinet will approve and recommend to Council that it approves the net increase of £150,354 in the Capital Programme to  £2,802,190 as detailed at Annex B and in the Capital Programme attached at Annex A; the increase of capital expenditure of £100,354, funded from capital reserves; the increase of capital expenditure of £50,000, funded from external Section 106 funding; agree the funding allocation to the Capital Programme as detailed in paragraph 3.1 of the report and agree the Treasury Management and Prudential indicators at Annex E of the report.

The subject of the decision:

This report provided the Quarter 1 update at 30 June 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 to 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 to Council:-

(1)     the net increase of £150,354 in the Capital Programme to  £2,802,190 as detailed at Annex B and in the Capital Programme attached at Annex A;

(2)     the increase of capital expenditure of £100,354, funded from capital reserves;

(3)     the increase of capital expenditure of £50,000, funded from external Section 106 funding;

(4)     the funding allocation to the Capital Programme as detailed in paragraph 3.1; and

(5)     the treasury management and prudential indicators at Annex E.