Recommendations
set out in the report and addenda agreed subject to the addition recommendation
shown in bold below:
(a)
note the report
and addenda;
(b)
note the changes
to 2010/11 grant allocations;
(c)
agree the change
to the allocation of Harnessing Technology grant as recommended by the Schools
Forum on 19 July 2010;
(d)
approve the virements as set out in Annex 2a;
(e)
approve the
updated capital programme as set out in Annex 6.
(f)
agree the
moratorium on capital schemes in 2010/11 that are not yet committed;
(g)
agree to release
the capital schemes set out in Annex 8 from the moratorium;
(h)
agree that any
further urgent changes to the schemes held in the capital programme moratorium ahead of further
review in the Autumn should be delegated to the Chief Executive and Chief
Finance Officer after consultation with the Leader of the Council and Cabinet
Member for Finance & Property;
(i)
recommend Council
to approve the reductions in revenue grant funded expenditure and related virements as set out in revised Annex 3e; and
(j)
note the increase
in VAT with effect from 4 January 2011, and agree that the current scale of
charges will not be amended in 2010/11;
(k)
recommend Council
to agree the changes to the Specified and
Non-Specified
Investment instruments section of the Treasury
Management
Strategy;
(l)
recommend Council
to agree that any further changes required to the Annual Treasury Management
Strategy & Annual Investment Strategy can be delegated to the Chief Finance
Officer in consultation with the Leader of the Council and Cabinet Member for Financeand property; and
(m)
hold play pathfinder schemes in the moratorium; negotiate
with the DfE about the release of schemes where
building works have not yet commenced and make representations for other third
parties who have made an investment in schemes; if funding is
withdrawn, seek to recover as far as possible any money paid out.