Issue - meetings

Capital Management Report - Quarter 1

Meeting: 21/09/2023 - Cabinet (Item 47)

47 Capital Management Report - Quarter 1 pdf icon PDF 169 KB

To consider and decide on the recommendations as set out in the associated report.

 

Additional documents:

Decision:

RESOLVED –

 

1.  That the actual gross and net expenditure for the year and the sources of finance, as shown in Appendices B-D be noted.

 

2. That the proposed variations to the Capital Programme, set out in note 4.3 be approved.

 

3. That the proposed movement between years set out in note 4.4 be approved.

 

REASON FOR DECISION: Managing and forecasting capital expenditure effectively was vital in order to support all of the services provided by the Council.

 

 

 

Minutes:

Lee Colyer, Director of Finance, Policy and Development presented the report set out in the agenda.

 

Discussion and questions from Members included the following:

 

-       Members of the public were aware of the Council’s short term capital expenditure.  More now needed to be done to make them aware of the Council’s  longer term position. 

-       This would provide the public with a better picture of how the Council was shaping its finances now, and in the future. 

 

RESOLVED –

 

1.  That the actual gross and net expenditure for the year and the sources of finance, as shown in Appendices B-D be noted.

 

2. That the proposed variations to the Capital Programme, set out in note 4.3 be approved.

 

3. That the proposed movement between years set out in note 4.4 be approved.

 

REASON FOR DECISION: Managing and forecasting capital expenditure effectively was vital in order to support all of the services provided by the Council.

 

 

 


Meeting: 05/09/2023 - Finance and Governance Cabinet Advisory Board (Item 33)

33 Capital Management Report - Quarter 1 pdf icon PDF 170 KB

To consider and provide a recommendation to Cabinet on the proposals set out in the attached report.

Additional documents:

Minutes:

Jane Fineman, Head of Finance, Procurement and Parking introduced the report set out in the agenda.

 

Discussion and questions from Members included the following:

 

-       9-10 Calverley Terrace was identified as a surplus asset in the Council’s Asset Management Plan.

-       The Council gave the Civic Society  12 months to submit a business plan for it continued use.  The 12 months had now expired.

-       A steer from Cabinet was now needed as to whether 9-10 Calverley Terrace should be now be disposed of.

-       The reason the funding was taken out of the Capital Programme was because the Council had no intention of reopening the building this year.

-       9-10 Calverley Terrace was not currently up for sale.  The disposal of any asset would be a Cabinet decision.

 

RESOLVED – That the recommendations to Cabinet as set out in the report be supported.