RECOMMENDED TO CABINET:
(1) That the forecast expenditure of £1.804million in 2019/20 on the capital programme be noted;
(2) That 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 £3.831million be approved;
(3) That the position of the available 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;
(4) That the position of Treasure Management activity as at the end of December 2019 be noted.
REASONS 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.