Decision details

The Cabinet Member for Finance and the Board Director, Finance, Revenues, Benefits and Property submitted a joint report concerning (a) the outturn position of the Council's Capital Budget for 2011/12, (b) the Council's Capital Programme for 2012/13, and (c) the Council’s Treasury Management performance for 2011/12.

            Councillor Mark Edwards, Cabinet Member for Finance, introduced the report and highlighted the outturn position of the Council’s Capital Budget and its linkage to the achievement of the Capital Programme for 2012/13. He commented on the use of Council borrowing to fund Capital works and on the challenges the Council faced. He referred to the need for decisions on Capital spending and for Capital projects to be based on robust review and monitoring and to be appropriate to meet the requirements of Swindon and its residents.

            Resolved – (1) That the 2011/12 Capital Out-turn position the Capital Programme for 2012/13 and the 2011/12 Treasury Management performance and Prudential Indicators, as set out in the joint report, be noted.

            (2) That the new Capital Programme schemes, as set out in paragraph 4.2 of the joint report, be approved.

            The reasons for the decision and alternative options are as set out in the report to the meeting.