Issue - decisions

The Committee considered the report.

RESOLVED –

1.    That Policy and Resources Committee agree the process for theme Committees to review the capital programme and the development of capital programme priorities for the period 2015-20 which will come back to this committee in December 2014 to form the basis of a draft budget.

2.    That Policy and Resources Committee agree the process for the review revenue reserves which will come back to this committee in December 2014.

3.    That Policy and Resources Committee agree the tests which will need to be met for the Council to borrow to fund a Thameslink Station as part of the Brent Cross Cricklewood regeneration as set out in section 1.5.

4.    That Policy and Resources Committee agree the savings target for the Housing Revenue Account and the process for developing an HRA investment plan (including proposals for the HRA headroom) as set out in section 1.6.

5.    That Policy and Resources Committee agree the recommended drawdowns from reserves and contingency as set out in section 1.7.

6.    That Policy and Resources Committee note the draw down from Corporate reserves as set out in section 1.7.4 and contingency in 1.7.1, 1.7.2 and 1.7.5.

7.    The Policy and Resources Committee agree the virement between Street Scene and the Commissioning Group as set out in 1.7.6 in line with Financial Regulation 4.4.3.

8.    That Officers report back to the relevant future Committee meeting providing:

a.    a comprehensive description of reserves and options;

b.    an update on options for borrowing for Brent Cross; and

c.    a regular Quarterly update on Treasury Management