Decision details

RECOMMENDED TO CABINET:

(1)   The forecast expenditure of £5.886million in 2019/20 on the capital programme be noted;

(2)   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 and beyond by £1.369million, be approved;

(3)  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 be noted by Cabinet; and

(4)     The position of Treasury Management activity as at the end of September 2019 be noted.

REASON FOR RECOMMENDATIONS:

(1)     Cabinet is required to approve adjustments to the capital programme and ensure the capital programme is fully funded.

(2)     To ensure the Council’s continued compliance with CIPFA’s code of practice on Treasury Management and the Local Government Act 2003 and that the Council manages its exposure to interest and capital risk.