The subject of the decision:

This report provided the Quarter 2 update at 30 September 2016 on the progress of the Capital Programme 2016/17 and the Treasury Management position.  A full schedule of the Capital Programme 2016/17 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 to Council that:-

(1)     the net decrease of £2,165,872 in the Capital Programme to £18,935,354 and all expenditure movements as detailed in Annex ‘B’ and also in the Capital Programme attached at Annex ‘A’ of the report be approved;

(2)     the position of the Economic Development Fund at Annex B of the report and that it has been fully allocated until funds are returned from schemes in future years be noted;

(3)     the increase of capital expenditure of £11,400 is funded from capital receipts and that £67,397 is from external grants/contributions be approved;

(4)     the funding allocation to the Capital Programme as detailed in paragraph 3.1 and 3.2 of the report be approved;

(5)     the Treasury Management and Prudential Indicators at Annex ‘E’ of the report be approved.