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Details
Title:
Capital and Treasury Monitoring Quarter 2 (July to September 2016)
Include item on Forward Plan/ Key Decision
Yes
Urgent Decision - Not in Forward Plan
No
Details for Agenda Sheet
Report of Strategic Director - Finance and Legal.
Implementation Date (not before meeting on)
Tue 15 Nov 2016
Purpose
Regular quarterly capital and treasury management monitoring report for Cabinet
Key Portfolio
OLD - Children, Families and Schools
Chief Officer Decision Maker
1 Diamond
Decision Outcome
On 15 November 2016, Cabinet:-
(i) Approved the revised multi-year capital programme of £1,881.366m;
(ii) In relation to the Wholesale Market:
(1) Authorised the Director of Property in conjunction with the Strategic Director - Finance & Legal and the Acting City Solicitor (or their delegates) to conclude negotiations and enter into a funding agreement with Birmingham Wholesale Market Company Ltd (BWMC) to purchase a sprinkler system for the new market at a cost estimated at £1.000m;
(2) Authorised the Acting Strategic Director of Place in conjunction with the Strategic Director – Finance & Legal and the Acting City Solicitor (or their delegates) and the Assistant Director – Procurement to conclude negotiations and enter into a contract through the City Council’s Highways and Infrastructure Works Framework and the Construction West Midlands framework agreements for the procurement of highways and refurbishment works at the city centre markets site, at a cost of up to £0.250m;
(3) Approved additional net capital expenditure of £1.314m for the Wholesale Market Project, funded from service prudential borrowing (see Appendix 12 to the report);
(iii) Noted that forecast capital expenditure in 2016/17 is £445.244m;
(iv) Noted that actual capital expenditure as at 30th September 2016 was £133.545m, representing 29.99% of the forecast outturn for 2016/17.
THE DEADLINE FOR CALL IN IS 1600 HOURS ON MONDAY 21 NOVEMBER 2016.
Is the Decision Maker Aware of the Decision:
No
Is the Head of Services Aware of the Decision:
No
Is Decision County Wide:
No
Would the recommended decision be contrary to the budget and policy framework:
No
Additional Information
Decision Criteria
This Decision does not contain any decision criteria records.
Wards
This Decision does not contain any Ward records.
Topics
This Decision does not contain any Topic records
Overview and Scrutiny
Governance, Resources and Customer Services Overview and Scrutiny Committee Jul 2013 to Apr 2015
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Decision History
| 18/05/2016 11:45:03 | Carole Wood | Business Item Created | |
| 18/05/2016 11:45:03 | Carole Wood | Committee Added | Cabinet |
| 18/05/2016 11:45:03 | Carole Wood | Meeting Added | 20/01/2017 4:30PM |
| 18/05/2016 11:45:03 | Carole Wood | OS Committee Added | Governance, Resources and Customer Services Overview and Scrutiny Committee Jul 2013 to Apr 2015 |
| 06/06/2016 14:35:31 | Carole Wood | Status Changed | Decision Scheduled [1] |
| 06/06/2016 14:35:41 | Carole Wood | General Details Edited | |
| 02/08/2016 15:53:17 | Carole Wood | General Details Edited | |
| 02/08/2016 15:54:05 | Carole Wood | Meeting Added | 15/11/2016 10:00AM |
| 02/08/2016 15:54:09 | Carole Wood | Meeting Deleted | 24/01/2017 10:00AM |
| 04/11/2016 13:33:44 | Sarah Dunlavey | Report Added | Document ID 111954: Cabinet Report Qtr 2 Capital 16-17 FINAL 04112016 |
Approval/Comments
No history found.