Decision details

12.1

The Executive Director, Resources submitted a report providing the month 2 monitoring statement on the City Council’s Capital Programme for 2015/16 and a review of the City Council’s Treasury Management during 2014/15.

12.2

RESOLVED: That Cabinet:-

(a)

approves the proposed additions to the Capital Programme listed in Appendix 1 of the report, including the procurement strategies and delegations of authority to the Director of Commercial Services or nominated Officer, as appropriate, to award the necessary contracts following stage approval by Capital Programme Group;

(b)

approves the proposed variations and slippage as listed in Appendix 1 of the report; and

(c)

delegates authority to the Director of Finance and the Director of Legal and Governance to finalise, and if satisfactory, accept, the conditions of the grant listed in Appendix 2; and notes;

(d)

the latest position on the Capital Programme and emergency approvals of schemes;

(e)

the Annual Treasury Management Review summarised in paragraphs 10-12 and shown in further detail in Appendix 3 of the report.

12.3

Reasons for Decision

12.3.1

To record formally changes to the Capital Programme and gain Member approval for changes in line with Financial Regulations and to reset the Capital Programme in line with latest information.

12.4

Alternatives Considered and Rejected

12.4.1

A number of alternative courses of action are considered as part of the process undertaken by Officers before decisions are recommended to Members. The recommendations made to Members represent what officers believe to be the best options available to the Council, in line with Council priorities, given the constraints on funding and the use to which funding is put within the Revenue Budget and Capital Programme.

12.5

Any Interest Declared or Dispensation Granted

None

12.6

Reason for Exemption if Public/Press Excluded During Consideration

None

12.7

Respective Director Responsible for Implementation

Eugene Walker, Interim Executive Director, Resources

12.8

Relevant Scrutiny and Policy Development Committee If Decision Called In

Overview and Scrutiny Management Committee