Issue - meetings

Report of Director of Finance and Support (Copy herewith).

Cabinet recommended to Council that they approve

a)     The Capital Strategy for 2012-13 to 2014-15, as set out in Appendix A of the report.

b)     The capital programme for 2012-13, including future year commitments, as set out in Appendix B of the report.

c)      The capital financing principles to be applied in 2012-13, as set out in the Capital Strategy (Appendix A of the report) pages 10-11.

d)     The proposed financing of the capital programme for 2012-13 and future years, as set out at paragraphs 3.2.16 and Appendix C of the report.

e)     That authority be delegated to the Director of Finance and Support in consultation with the Portfolio Holder for Finance, and where appropriate the relevant Director and Portfolio Holder to update prudential indicators in both the Prudential Indicators report and Treasury Strategy report, prior to Council for any capital programme changes that impact on these.

f)        That Cabinet be authorised, once the programme has been set, to approve new capital schemes and variations to existing schemes during 2012-13, subject to the funding being available and the schemes being in accordance with the objectives and priorities of the Council.

Councillor Ansell addressed Cabinet and thanked them for their contribution in providing Abington Park with some toilet facilities. He commented that the park was a jewel in the town and that the users of the park had been waiting for a number of years for the facilities.

Councillor Bottwood as the relevant Cabinet Member commented that it had been an extremely challenging budget and noted that the General Fund schemes had been prioritised within the resources available.

Councillor Caswell commented that he was glad that they had been able to assist with the provision of toilet facilities in Abington Park.

Councillor Hadland reported that progress was still being made with the bus interchange, which would be completed next year and it was noted that £250,000 had been invested in work to improve Delapre Abbey.

RESOLVED:

That Council approve the following:

a)     The Capital Strategy for 2012-13 to 2014-15, as set out in Appendix A of the report.

b)     The capital programme for 2012-13, including future year commitments, as set out in Appendix B of the report.

c)      The capital financing principles to be applied in 2012-13, as set out in the Capital Strategy (Appendix A of the report) pages 10-11.

d)     The proposed financing of the capital programme for 2012-13 and future years, as set out at paragraphs 3.2.16 and Appendix C of the report.

e)     That authority be delegated to the Director of Finance and Support in consultation with the Portfolio Holder for Finance, and where appropriate the relevant Director and Portfolio Holder to update prudential indicators in both the Prudential Indicators report and Treasury Strategy report, prior to Council for any capital programme changes that impact on these.

f)        That Cabinet be authorised, once the programme has been set, to approve new capital schemes and variations to existing schemes during 2012-13, subject to the funding being available and the schemes being in accordance with the objectives and priorities of the Council.