Decision details

RESOLVED: That the report entitled First Quarter Investment Strategy (Capital and Treasury) Review be noted.

RECOMMENDED TO CABINET:

(1)       That Cabinet notes the forecast expenditure of £7.822million in 2019/20 on the capital programme, paragraph 8.2 refers;

(2)       That Cabinet approves the adjustments to the capital programme for 2019/20 onwards as a result of the revised timetable of schemes detailed in table 2, increasing the estimated spend in 2020/21 by £1.408million;

(3)       That Cabinet notes the position of the availability of capital resources, as detailed in table 3 paragraph 8.6 and the requirement to keep the capital programme under review for affordability;

(4)       Cabinet is asked to note the position of Treasury Management activity as at the end of May 2019.

REASON FOR DECISIONS: To enable the Finance, Audit and Risk Committee to consider the report entitled First Quarter Investment Strategy (Capital and Treasury) Review prior to consideration by Cabinet.