The subject of the decision:

This report presented the Capital Outturn position for the year ending 31 March 2020 and also 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 effected 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 2019/20 capital outturn position of £7,402,915 at paragraph 2.3 and attached at Annex A of the report be noted;

(2)     the over spend of £822,809 at paragraph 2.6 of the report and under spend of £5,225 be approved;

(3)     the requests at paragraph 2.9 of the report for re-profiling the capital schemes totalling £15,970,257 from 2019/20 programme to 2020/21 and at paragraph 2.6 of the report for re-profiling £721,173 from 2020/21 to 2019/20 be approved;

(4)     the request at paragraph 2.10 of the report for re-profiling the additional capital schemes totalling £25,365,617 from 2019/20 programme to 2020/21 as attached in Annex B of the report be approved;

(5)     the request at paragraph 2.11 of the report for the increased additional funding for the Crematorium of £138,632 be approved;

(6)     the request to enable the Council to bank roll the timing difference for the Dalton Bridge BID additional voluntary contributions in paragraph 3.2 of the report of £1,898 be approved;

(7)     the treasury management outturn position 2019/20 detailed at paragraph 12.4 of the report be noted;

(8)     the Prudential Indicators attached at Annex C of the report be noted; and

(9)     the position of the Council’s third party companies at Annex D of the report be noted.

Note:   Councillor D A Webster joined the meeting at approximately 9.45 am during consideration of the above item.  Councillor Webster abstained from voting on this item.

            Councillor P Bardon joined the meeting at approximately 9.45 am during consideration of the above item.