Report of Cabinet Attached

CAPITAL BUDGET 2010/11 TO 2015/16

Councillor Knight tabled the following amendment, seconded by Councillor Williams:

“In recommendation (1), at end insert:

“subject to the addition of:

(iii) £400,000 for the provision of a public library in Heathfield Ward on the Heathfield Junior School site, and

(iv) £1,000,000 for the provision of a children’s centre in Hampton North ward.”’

In accordance with Procedure Rule 20.4, a recorded vote was called, whereupon Councillors Arbour, Avon, Blakemore, Bond, Bouchier, Butler, Chappell, Elliot, Evans, Fleming, Harborne, Harrison, Head, Hodgins, Linnette, Martin, Mathias, Montague, Morris, Naylor, O’Malley, Percival, Porter, Salvoni, Samuel, True and Urquhart  voted against the amendment;  Councillors Acton, Allen, Burford, Cardy, Churchill, Coombs, Day, Eady, Elengorn, Elloy, Gibbons, Jaeger, Khosa, Knight, Langhorne, Lee-Parsons, Miller, Nicholson, Pollesche, Roberts, Thornton, Treble and Williams voted in favour of the amendment; the Mayor did not vote.

Therefore the amendment was declared to be LOST.

The substantive recommendation was put to the vote and declared to be CARRIED.

RESOLVED:

(1)      That the overall capital budget for 2011/12 be approved.

(2)      That the Prudential Indicators as set out in Appendix B to the report be approved.

TREASURY MANAGEMENT POLICY AND STRATEGY FOR 2011/12

RESOLVED:

(1)       That the Treasury Management and Investment Strategy for 2011/12 as set out in Appendix A to the report be approved.

(2)       That the Treasury Management and Investment Strategy for 2011/2011 as set out in Appendix B be approved.

(3)       That the Investment Criteria as set out in Appendix C be approved.

(4)       That the CCLA Public Sector Deposit Fund as set out in paragraph 6.4 although not currently approved, be considered for use, subject to the further deliberation of the Audit Committee.

     This report considers the overall 5 year programme for 2011/12 to 2015/16

      and provides specific details of the proposed capital schemes in  the

      2011/12 element of the programme attached.

Cabinet received a report concerning the Capital Programme for 2011/12 to 2015/16 and details of the proposed capital schemes for 2011/12.

It was RESOLVED that:

1.      The schemes identified in Appendix A be approved for inclusion in the capital budget for 2011/12.

2.      The proposals in Appendix A for the financial years 2012/13 to 2015/16 be noted.

3.      That the overall capital budget for 2011/12 be RECOMMENDED to Council in March for approval alongside the revenue budget and Council Tax.

4.      That the Prudential Indicators in Appendix B be RECOMMENDED to Council in March for approval alongside the revenue budget and Council Tax.