Agenda item

Budget

i)  Revenue Budget

 

a)  That the Revenue Budget for 2012/13 totalling £563.114m, as detailed and explained in the submitted report and accompanying papers be approved, with no increase in the Leeds’ element of the Council Tax for 2012/13.

 

b)  That with respect to the Housing Revenue Account the following be approved:-

 

i)  approve the budget at the average rent increase figure of 6.82%

 

ii)  increase the charges for garage rents to £6.93 per week

 

iii)  increase service charges in line with rents (6.82%)

 

ii)  Council Tax

 

1)   That it be noted that at the meeting on 18th January 2012, Council agreed the following amounts for the year 2012/13, in accordance with regulations made under Sections 31B(3) and 34(4) of the Local Government Finance Act 1992:-

 

a)   240,051 being the amount calculated by the Council, in accordance with Regulation 3 of the Local Authorities (Calculation of Council Tax Base) Regulations 1992 (as amended) as its Council tax base for the year.

 

  b)

  PARISH

TAX BASE

Aberford and District

785

AllertonBywater

1,382

Alwoodley

3,696

Arthington

294

Austhorpe

26

Bardsey cum Rigton

1,173

Barwick in Elmet and Scholes

2,046

Boston Spa

1,865

Bramham cum Oglethorpe

732

Bramhope and Carlton

1,805

Clifford

751

Collingham with Linton

1,672

Drighlington

1,912

Gildersome

1,971

Great and Little Preston

494

Harewood

1,806

Horsforth

7,006

East Keswick

586

Kippax

3,090

Ledsham

97

Ledston

164

Micklefield

565

Morley

9,911

Otley

4,973

Pool in Wharfedale

977

Scarcroft

679

Shadwell

962

Swillington

1,077

Thorner

765

Thorp Arch

356

Walton

123

Wetherby

4,639

Wothersome

9

 

being the amounts calculated by the Council in accordance with Regulation 6 of the Regulations, as the amounts of its Council Tax base for the year for dwellings in those parts of its area to which one or more special items relate.

 

2)  That the following amounts be now calculated by the Council for the year 2012/13 in accordance with Sections 31A to 36 of the Local Government Finance Act 1992:-

 

a)  £1,992,660,642.40  being the aggregate of the amounts which the Council estimates for the items set out in Section 31A(2)(a) to (f) of the Act.

 

b)  £1,721,533,274.00  being the aggregate of the amounts which the Council estimates for the items set out in Section 31A(3)(a) to (d) of the Act.

 

c)  £271,127,368.40  being the amount by which the aggregate at 2(a) above exceeds the aggregate at 2(b) above, calculated by the Council, in accordance with Section 31A(4) of the Act, as its council tax requirement for the year.

 

d)  £1,129.457359  being the amount at 2(c) above, divided by the amount at 1(a) above, calculated by the Council, in accordance with Section 31B(1) of the Act, as the basic amount of its council tax for the year.

 

e)  £1,432,642.40  being the aggregate amount of all special items referred to in Section 34(1) of the Act.

 

f)  £1,123.49  being the amount at 2(d) above, less the result given by dividing the amount at 2(e) above by the amount at 1(a) above, calculated by the Council, in accordance with Section 34(2) of the Act, as the basic amount of its council tax for the year for dwellings in those parts of its area to which no special item relates.

 

g)

 

 

being the amounts given by adding to the amount at 2(f) above the amounts of the special item or items relating to dwellings in those parts of the Council’s area mentioned above divided in each case by the amount at 1(b) above, calculated by the Council, in accordance with Section 34(3) of the Act, as the basic amounts of its Council Tax for the year for dwellings in those parts of its area to which one or more special items relate.

 

  h)

 

being the amounts given by multiplying the amounts at 2(f) and 2(g) above by the number which, in the proportion set out in Section 5(1) of the Act, is applicable to dwellings listed in a particular valuation band divided by the number which in that proportion is applicable to dwellings listed in Valuation Band D, calculated by the Council, in accordance with Section 36(1) of the Act, as the amounts to be taken into account for the year in respect of categories of dwellings listed in different valuation bands.

 

3)  Thatit be noted for the year 2012/13 that the West Yorkshire Police Authority and the West Yorkshire Fire & Rescue Authority are expected to issue the following precepts to the Council in accordance with Section 40 of the Local Government Finance Act 1992, for each of the categories of dwellings shown below. The actual precept amounts are not available at the time of writing, so the figures shown are indicative only and assume no change from 2011/12. The final figures will be set out in the Council Summons and/or the Order Paper available at the meeting.

 

 

4)  That, having calculated the aggregate in each case of the amounts at 2(h) and 3 above, the Council, in accordance with Section 30(2) of the Local Government Finance Act 1992, hereby sets the following amounts as the amounts of Council tax for the year 2012/13 for each of the categories of dwellings shown below.  As the amounts for the Police Authority and the Fire and Rescue authority are not available at the time of writing, the figures shown below are indicative only.  A final version of this table will be available in the Council Summons and/or the Order Paper available at the meeting.

 

 

5)  That, in accordance with the principles determined by the Secretary of State and set out in the Referendums Relating to Council Tax Increases (Principles) (England) Report 2012-13, it be determined that Leeds City Council’s relevant basic amount of council tax for the year 2012/13 is not excessive.

 

6)  That the schedule of instalments for 2012/13 for payments to the principal authorities out of the Collection Fund be determined as set out in Appendix II of this report.

 

iii)  Capital Programme Update 2011-2014

 

a)  That the capital programme, as attached to the submitted report, be approved;

 

b)  That the Executive Board be authorised to approve in year amendments to the capital programme including transfers from and to the reserved programme in accordance with Financial Procedure Rules;

 

c)  That the proposed Minimum Revenue Provision policies for 2012/13 as set out in 3.7 of the report and explained in Appendix E be approved;

 

d)  That the updated capital approval delegations in Financial Procedure Rules, shown in Appendix F be approved.

 

iv)  Treasury Management Strategy 2012/2013

 

a)  That borrowing limits be set for 2011/12, 2012/13, 2013/14 and 2014/15 as set out in Section 3.4 of the submitted report.

 

b)  That treasury management indicators be set for 2011/12, 2012/13, 2013/14 and 2014/15  as set out in Section 3.5 of the report.

 

c)  That investment limits be set for 2011/12, 2012/13, 2013/14 and 2014/15 as set out in Section 3.6 of the submitted report.

 

d)  That the revised Treasury Management policy statement be adopted.

 

K WAKEFIELD

 

Minutes:

Under the provision of Council Procedure Rule 14.10, leave of Council was given to:-

 

·  Alter paragraph (ii) 3 by the deletion of the words “are expected to issue” and  replacement with “have issued” and by the deletion of the following wording, “The actual precept amounts are not available at the time of writing, so the figures shown are indicative only and assume no change from 2011/12. The final figures will be set out in the Council Summons and/or the Order Paper available at the meeting.”

·  Replace the table in (ii) 3 now that the precepts have been agreed by the West Yorkshire Police Authority  and the West Yorkshire Fire and Rescue Authority.

·  Alter paragraph (ii) 4 by the deletion of the following wording, “As the amounts for the Police Authority and the Fire and Rescue authority are not available at the time of writing, the figures shown below are indicative only.  A final version of this table will be available in the Council Summons and/or the Order Paper available at the meeting.”

 

(The altered paragraphs are as contained in the motion below.)

 

It was moved by Councillor Wakefield, seconded by Councillor R Lewis

 

i)  Revenue Budget

 

a)  That the Revenue Budget for 2012/13 totalling £563.114m, as detailed and explained in the submitted report and accompanying papers be approved, with no increase in the Leeds’ element of the Council Tax for 2012/13.

 

b)  That with respect to the Housing Revenue Account the following be approved:-

 

i)  approve the budget at the average rent increase figure of 6.82%

 

ii)  increase the charges for garage rents to £6.93 per week

 

iii)  increase service charges in line with rents (6.82%)

 

ii)  Council Tax

 

1)   That it be noted that at the meeting on 18th January 2012, Council agreed the following amounts for the year 2012/13, in accordance with regulations made under Sections 31B(3) and 34(4) of the Local Government Finance Act 1992:-

 

a)   240,051 being the amount calculated by the Council, in accordance with Regulation 3 of the Local Authorities (Calculation of Council Tax Base) Regulations 1992 (as amended) as its Council tax base for the year.

 

  b)

  PARISH

TAX BASE

Aberford and District

785

AllertonBywater

1,382

Alwoodley

3,696

Arthington

294

Austhorpe

26

Bardsey cum Rigton

1,173

Barwick in Elmet and Scholes

2,046

Boston Spa

1,865

Bramham cum Oglethorpe

732

Bramhope and Carlton

1,805

Clifford

751

Collingham with Linton

1,672

Drighlington

1,912

Gildersome

1,971

Great and Little Preston

494

Harewood

1,806

Horsforth

7,006

East Keswick

586

Kippax

3,090

Ledsham

97

Ledston

164

Micklefield

565

Morley

9,911

Otley

4,973

Pool in Wharfedale

977

Scarcroft

679

Shadwell

962

Swillington

1,077

Thorner

765

Thorp Arch

356

Walton

123

Wetherby

4,639

Wothersome

9

 

being the amounts calculated by the Council in accordance with Regulation 6 of the Regulations, as the amounts of its Council Tax base for the year for dwellings in those parts of its area to which one or more special items relate.

 

2)  That the following amounts be now calculated by the Council for the year 2012/13 in accordance with Sections 31A to 36 of the Local Government Finance Act 1992:-

 

a)  £1,992,660,642.40  being the aggregate of the amounts which the Council estimates for the items set out in Section 31A(2)(a) to (f) of the Act.

 

b)  £1,721,533,274.00  being the aggregate of the amounts which the Council estimates for the items set out in Section 31A(3)(a) to (d) of the Act.

 

c)  £271,127,368.40  being the amount by which the aggregate at 2(a) above exceeds the aggregate at 2(b) above, calculated by the Council, in accordance with Section 31A(4) of the Act, as its council tax requirement for the year.

 

d)  £1,129.457359  being the amount at 2(c) above, divided by the amount at 1(a) above, calculated by the Council, in accordance with Section 31B(1) of the Act, as the basic amount of its council tax for the year.

 

e)  £1,432,642.40  being the aggregate amount of all special items referred to in Section 34(1) of the Act.

 

f)  £1,123.49  being the amount at 2(d) above, less the result given by dividing the amount at 2(e) above by the amount at 1(a) above, calculated by the Council, in accordance with Section 34(2) of the Act, as the basic amount of its council tax for the year for dwellings in those parts of its area to which no special item relates.

 

g)

 

 

being the amounts given by adding to the amount at 2(f) above the amounts of the special item or items relating to dwellings in those parts of the Council’s area mentioned above divided in each case by the amount at 1(b) above, calculated by the Council, in accordance with Section 34(3) of the Act, as the basic amounts of its Council Tax for the year for dwellings in those parts of its area to which one or more special items relate.

 

  h)

 

being the amounts given by multiplying the amounts at 2(f) and 2(g) above by the number which, in the proportion set out in Section 5(1) of the Act, is applicable to dwellings listed in a particular valuation band divided by the number which in that proportion is applicable to dwellings listed in Valuation Band D, calculated by the Council, in accordance with Section 36(1) of the Act, as the amounts to be taken into account for the year in respect of categories of dwellings listed in different valuation bands.

 

3)  Thatit be noted for the year 2012/13 that the West Yorkshire Police Authority and the West Yorkshire Fire & Rescue Authority have issued the following precepts to the Council in accordance with Section 40 of the Local Government Finance Act 1992, for each of the categories of dwellings shown below.

 

 

4)  That, having calculated the aggregate in each case of the amounts at 2(h) and 3 above, the Council, in accordance with Section 30(2) of the Local Government Finance Act 1992, hereby sets the following amounts as the amounts of Council tax for the year 2012/13 for each of the categories of dwellings shown below.

 

 

5)  That, in accordance with the principles determined by the Secretary of State and set out in the Referendums Relating to Council Tax Increases (Principles) (England) Report 2012-13, it be determined that Leeds City Council’s relevant basic amount of council tax for the year 2012/13 is not excessive.

 

6)  That the schedule of instalments for 2012/13 for payments to the principal authorities out of the Collection Fund be determined as set out in Appendix II of this report.

 

iii)  Capital Programme Update 2011-2014

 

a)  That the capital programme, as attached to the submitted report, be approved;

 

b)  That the Executive Board be authorised to approve in year amendments to the capital programme including transfers from and to the reserved programme in accordance with Financial Procedure Rules;

 

c)  That the proposed Minimum Revenue Provision policies for 2012/13 as set out in 3.7 of the report and explained in Appendix E be approved;

 

d)  That the updated capital approval delegations in Financial Procedure Rules, shown in Appendix F be approved.

 

 

iv)  Treasury Management Strategy 2012/2013

 

a)  That borrowing limits be set for 2011/12, 2012/13, 2013/14 and 2014/15 as set out in Section 3.4 of the submitted report.

 

b)  That treasury management indicators be set for 2011/12, 2012/13, 2013/14 and 2014/15  as set out in Section 3.5 of the report.

 

c)  That investment limits be set for 2011/12, 2012/13, 2013/14 and 2014/15 as set out in Section 3.6 of the submitted report.

 

d)  That the revised Treasury Management policy statement be adopted.

 

An amendment (1) was moved by Councillor A Carter, seconded by Councillor J Procter that

 

In 4 (i)(a), after the words ‘be approved’ add:-

 

‘subject to amendments to the Council’s estimates for 2012/13, and adjustments to the figures in 4(ii)2 (a) to (f) as appropriate, as set out below:-

 

a)  An increase in the Central and Corporate budget of £1m for Area Committee discretionary revenue spend.

 

b)  A reduction in the strategic budget of £1m to reflect a reduction in the economic initiatives budget.’

 

A further amendment (2) was moved by Councillor A Carter, seconded by Councillor J Procter, that

 

In 4 (i)(a), after the words ‘be approved’ add:-

 

‘subject to amendments to the Council’s estimates for 2012/13, and adjustments to the figures in 4(ii)2 (a) to (f) as appropriate, as set out below:-

 

a)  an increase of £300k in the Adults Social Care budget to reflect the reversal of the proposed increase in charges 

 

b)  a reduction in the strategic budget of £300k to be achieved by implementing a moratorium on purchasing furniture’ 

 

A further amendment (3) was moved by Councillor A Carter, seconded by Councillor J Procter, that

 

In 4 (i)(a), after the words ‘be approved’ add:-

 

‘subject to amendments to the Council’s estimates for 2012/13, and adjustments to the figures in 4(ii)2 (a) to (f) as appropriate, as set out below:-

 

a)  An increase of £300k in the Children’s Services budget to reflect the reversal of the proposed increase in nursery fees. 

 

b)  A reduction in the strategic budget of £300k to be achieved through savings in travel allowance budgets.’ 

 

A further amendment (4) was moved by Councillor A Carter, seconded by Councillor J Procter, that

 

In 4 (i)(a), after the words ‘be approved’ add:-

 

‘subject to amendments to the Council’s estimates for 2012/13, and adjustments to the figures in 4(ii)2 (a) to (f) as appropriate, as set out below:-

 

a)  A contribution to general fund reserves of £3m.

 

b)  A reduction of £3m in the strategic budget to be achieved through a £2.35m reduction in the contingency fund and an additional 0.5% efficiency saving on running cost budgets in all directorates, equivalent to £0.65m.’ 

 

A further amendment (5) was moved by Councillor A Carter, seconded by Councillor J Procter, that

 

In 4 (i)(a), after the words ‘be approved’ add:-

 

‘subject to amendments to the Council’s estimates for 2012/13, and adjustments to the figures in 4(ii)2 (a) to (f) as appropriate, as set out below:-

 

a)  An increase of £0.3m in the Children’s Services budget for a young person’s apprenticeship scheme in partnership with the private sector.

 

b)  A reduction of £0.3m in the strategic budget to be achieved through a £0.15m reduction in the contingency fund, £0.10m moratorium on purchasing furniture and £0.05m savings in travel allowance budgets.’ 

 

A further amendment (6) was moved by Councillor A Carter, seconded by Councillor J Procter, that

 

In 4 (iii) (a) after the words ‘be approved’ add:-

 

‘subject to amendments to the 2012/13 capital programme as set out below:-

 

a)  A reduction of £2m within Strategic Priorities to reflect a reduction in the economic initiatives fund.

 

b)  An increase of £1m to Area Committees for discretionary capital spend.

 

c)  An increase of £1m for a Town and District Development scheme;

 

with £2.37m remaining within the 2012/13 programme for economic initiatives’

 

Under the provisions of Council Procedure Rule 14.10, leave of Council was given to alter amendment 8 in Councillor Golton’s name by removing the word ‘fees’ and replacing with ‘allowances’.

 

A further amendment (7) was moved by Councillor S Golton, seconded by Councillor R Downes, that

 

In 4 (i)(a), after the words ‘be approved’ add:-

 

‘subject to amendments to the Council’s estimates for 2012/13, and adjustments to the figures in 4(ii)2 (a) to (f) as appropriate, as set out below:-

 

a)   an increase in the Strategic budget of £391k for the prudential borrowing costs of developing park and ride schemes across the city, totalling £5m.

 

b)  a reduction in the strategic budget of £225k to be achieved by introducing a cap on car mileage allowances of 45p from 1st October 2012, with the balance of £166k to be met by a reduction in the contingency fund.’

 

and in 4 (iii) (a) after the words ‘be approved’ add:-

 

‘subject to an injection into the capital programme of £5m for a prudential borrowing scheme to develop park and ride schemes across the city.’

 

A further amendment (8) was moved by Councillor S Golton, seconded by Councillor R Downes, that

 

In 4 (i)(a), after the words ‘be approved’ add:-

 

‘subject to amendments to the Council’s estimates for 2012/13, and adjustments to the figures in 4(ii)2 (a) to (f) as appropriate, as set out below:-

 

a)  an increase in the Children’s Social Care budget of £1.122m to reflect an increase in the level of foster carer allowances to the Fostering Network recommended rates

 

b)  an increase in the use of General Fund reserves of £1m, with the balance of £0.122m to be met from a reduction in the contingency fund.’

 

A further amendment (9) was moved by Councillor S Golton, seconded by Councillor R Downes, that

 

In 4 (i)(a), after the words ‘be approved’ add:-

 

‘subject to amendments to the Council’s estimates for 2012/13, and adjustments to the figures in 4(ii)2 (a) to (f) as appropriate, as set out below:-

 

a)  An increase in the strategic budget of £1m to be invested in Employment and Skills to provide an internship/work experience scheme across all Council directorates, paying participants the national minimum wage over a three month placement.

 

b)  A reduction in the contingency fund of £1m.’

 

A further amendment (10) was moved by Councillor S Golton, seconded by Councillor R Downes, that

 

In 4 (i)(a), after the words ‘be approved’ add:-

 

‘subject to amendments to the Council’s estimates for 2012/13, and adjustments to the figures in 4(ii)2 (a) to (f) as appropriate, as set out below:-

 

a)  An increase in the Environment & Neighbourhoods budget of £0.42m, being:-

 

·  £0.24m for the creation of a business engagement programme for investment in local communities through the third sector.

·  £0.18m for the introduction of an additional food waste collection round.

 

b)  An increase in the use of General Fund reserves of £0.42m.’

 

A further amendment (11) was moved by Councillor A Blackburn, seconded Councillor D Blackburn, that

 

In 4(i)(a), after the words ‘be approved’ add:-

 

‘subject to amendments to the Council’s estimates for 2012/13, and adjustments to the figures in 4(ii)2 (a) to (f) as appropriate, as set out below:-

 

a)  A reduction in the Central and Corporate budget of £355k to reflect a reduction in Members allowances.

 

b)  A reduction of £1m in the contingency fund held within the strategic budget.

 

c)  An increase in the Environment and Neighbourhoods budget of £1.355m to be used for Streetscene services, to be divided equally between each Ward and managed by the Area Committees.’

 

Amendments 1 to 11 were declared lost and, upon being put to the vote, it was

 

RESOLVED –

 

i)  Revenue Budget

 

a)  That the Revenue Budget for 2012/13 totalling £563.114m, as detailed and explained in the submitted report and accompanying papers be approved, with no increase in the Leeds’ element of the Council Tax for 2012/13.

 

b)  That with respect to the Housing Revenue Account the following be approved:-

 

i)  approve the budget at the average rent increase figure of 6.82%

 

ii)  increase the charges for garage rents to £6.93 per week

 

iii)  increase service charges in line with rents (6.82%)

 

ii)  Council Tax

 

1)   That it be noted that at the meeting on 18th January 2012, Council agreed the following amounts for the year 2012/13, in accordance with regulations made under Sections 31B(3) and 34(4) of the Local Government Finance Act 1992:-

 

a)   240,051 being the amount calculated by the Council, in accordance with Regulation 3 of the Local Authorities (Calculation of Council Tax Base) Regulations 1992 (as amended) as its Council tax base for the year.

 

  b)

  PARISH

TAX BASE

Aberford and District

785

AllertonBywater

1,382

Alwoodley

3,696

Arthington

294

Austhorpe

26

Bardsey cum Rigton

1,173

Barwick in Elmet and Scholes

2,046

Boston Spa

1,865

Bramham cum Oglethorpe

732

Bramhope and Carlton

1,805

Clifford

751

Collingham with Linton

1,672

Drighlington

1,912

Gildersome

1,971

Great and Little Preston

494

Harewood

1,806

Horsforth

7,006

East Keswick

586

Kippax

3,090

Ledsham

97

Ledston

164

Micklefield

565

Morley

9,911

Otley

4,973

Pool in Wharfedale

977

Scarcroft

679

Shadwell

962

Swillington

1,077

Thorner

765

Thorp Arch

356

Walton

123

Wetherby

4,639

Wothersome

9

 

being the amounts calculated by the Council in accordance with Regulation 6 of the Regulations, as the amounts of its Council Tax base for the year for dwellings in those parts of its area to which one or more special items relate.

 

2)  That the following amounts be now calculated by the Council for the year 2012/13 in accordance with Sections 31A to 36 of the Local Government Finance Act 1992:-

 

a)  £1,992,660,642.40  being the aggregate of the amounts which the Council estimates for the items set out in Section 31A(2)(a) to (f) of the Act.

 

b)  £1,721,533,274.00  being the aggregate of the amounts which the Council estimates for the items set out in Section 31A(3)(a) to (d) of the Act.

 

c)  £271,127,368.40  being the amount by which the aggregate at 2(a) above exceeds the aggregate at 2(b) above, calculated by the Council, in accordance with Section 31A(4) of the Act, as its council tax requirement for the year.

 

d)  £1,129.457359  being the amount at 2(c) above, divided by the amount at 1(a) above, calculated by the Council, in accordance with Section 31B(1) of the Act, as the basic amount of its council tax for the year.

 

e)  £1,432,642.40  being the aggregate amount of all special items referred to in Section 34(1) of the Act.

 

f)  £1,123.49  being the amount at 2(d) above, less the result given by dividing the amount at 2(e) above by the amount at 1(a) above, calculated by the Council, in accordance with Section 34(2) of the Act, as the basic amount of its council tax for the year for dwellings in those parts of its area to which no special item relates.

 

g)

 

 

being the amounts given by adding to the amount at 2(f) above the amounts of the special item or items relating to dwellings in those parts of the Council’s area mentioned above divided in each case by the amount at 1(b) above, calculated by the Council, in accordance with Section 34(3) of the Act, as the basic amounts of its Council Tax for the year for dwellings in those parts of its area to which one or more special items relate.

 

  h)

 

being the amounts given by multiplying the amounts at 2(f) and 2(g) above by the number which, in the proportion set out in Section 5(1) of the Act, is applicable to dwellings listed in a particular valuation band divided by the number which in that proportion is applicable to dwellings listed in Valuation Band D, calculated by the Council, in accordance with Section 36(1) of the Act, as the amounts to be taken into account for the year in respect of categories of dwellings listed in different valuation bands.

 

3)  Thatit be noted for the year 2012/13 that the West Yorkshire Police Authority and the West Yorkshire Fire & Rescue Authority have issued the following precepts to the Council in accordance with Section 40 of the Local Government Finance Act 1992, for each of the categories of dwellings shown below.

 

 

4)  That, having calculated the aggregate in each case of the amounts at 2(h) and 3 above, the Council, in accordance with Section 30(2) of the Local Government Finance Act 1992, hereby sets the following amounts as the amounts of Council tax for the year 2012/13 for each of the categories of dwellings shown below.

 

 

5)  That, in accordance with the principles determined by the Secretary of State and set out in the Referendums Relating to Council Tax Increases (Principles) (England) Report 2012-13, it be determined that Leeds City Council’s relevant basic amount of council tax for the year 2012/13 is not excessive.

 

6)  That the schedule of instalments for 2012/13 for payments to the principal authorities out of the Collection Fund be determined as set out in Appendix II of this report.

 

iii)  Capital Programme Update 2011-2014

 

a)  That the capital programme, as attached to the submitted report, be approved;

 

b)  That the Executive Board be authorised to approve in year amendments to the capital programme including transfers from and to the reserved programme in accordance with Financial Procedure Rules;

 

c)  That the proposed Minimum Revenue Provision policies for 2012/13 as set out in 3.7 of the report and explained in Appendix E be approved;

 

d)  That the updated capital approval delegations in Financial Procedure Rules, shown in Appendix F be approved.

 

 

iv)  Treasury Management Strategy 2012/2013

 

a)  That borrowing limits be set for 2011/12, 2012/13, 2013/14 and 2014/15 as set out in Section 3.4 of the submitted report.

 

b)  That treasury management indicators be set for 2011/12, 2012/13, 2013/14 and 2014/15  as set out in Section 3.5 of the report.

 

c)  That investment limits be set for 2011/12, 2012/13, 2013/14 and 2014/15 as set out in Section 3.6 of the submitted report.

 

d)  That the revised Treasury Management policy statement be adopted.

 

Supporting documents: