Decision details

The Cabinet Member for Finance and the Board Director, Resources submitted a joint report setting out (a) the 2014/15 Capital Programme position as at the end of September 2014, (b) proposed changes to the Capital Programme, (c) the Swindon Museum and Art Gallery project, (d) Cost pressures and Capital Programme Proposals 2015/16, and (e) Mid-Year Treasury Management performance for 2014/15.

            Councillor Russell Holland, Cabinet Member for Finance, referred to the report and explained that it addressed the projected outturn position of the Council’s Capital Budget for 2014/15, highlighted proposed changes to the current Capital Programme, including reference to the proposed new Swindon Museum and Art Gallery project, cost pressures effecting proposals for the 2015/16 Capital Programme, and also detailed the Treasury Management performance to date for 2014/15.

          The Chair referred to the submission of a bid to the Heritage Lottery Fund for the proposed new Swindon Museum and Art Gallery project and to the Council’s commitments under the bid process. He explained that the Council’s contribution was subject to all other partners also delivering their contributions to the proposed project.

          Resolved – (1) That the Capital Programme position and mid-year Treasury Management performance for 2014/15, as set out in the joint report, be noted.

            (2) That the changes to the Council’s Capital Programme, as set out in paragraph 3.5 of the joint report, be approved.

          (3) That the Stage 1 Heritage Lottery Fund Grant Application for a new Swindon Museum and Art Gallery, as detailed in paragraphs 3.6 to 3.9 of the joint report, be endorsed.

          (4) That the current pressures and timescale for 2015/16 Capital Programme approvals, as detailed in paragraphs 3.10 to 3.13 of the joint report, be noted.

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