Agenda and minutes

To receive any apologies.

Apologies for absence were submitted on behalf of Councillor Shields.

To authorise the signing of the minutes of the Council Meeting and the Special Council Meeting held on 12^th September 2012, attached.

RESOLVED that the minutes of the Special Council Meeting and the Ordinary Council Meeting held on 12^th September 2012 be approved and signed as correct records.

Matters especially brought forward by the Mayor and the Leader.

(i) Southampton Cenotaph Families and Friends Group

The Mayor informed Members he had accepted an invitation for the Mayor to become the Patron of the Southampton Cenotaph Friends and Families Group. This was a charity group formed to contribute to the advancement of education, the advancement of arts, culture and heritage, and the promotion of remembrance and Southampton’s war memorials.

(ii) Visiting Students

 The Mayor welcomed students from the University of Hof, Bavaria, Germany to the meeting.

(iii) Protocol for Executive Questions

The Mayor confirmed the adoption of an informal protocol for the next meeting or two in relation to questions to the Executive. The protocol that would be adopted would mean the following:

a.  if there was an endless string of supplementary questions of a very technical nature, it is suggested that that is an indication that the questioner could, and indeed should, have asked the question elsewhere and the Mayor would end that question and move on to the next question.

b.  generally, supplementary questions would be limited to the questioner rather than taken from any member (although this is not an absolute prohibition and the Mayor would exercise discretion);

c.  normally, there would be no more than three supplementary questions (again, not an absolute prohibition, but an overall approach, and the Mayor would exercise discretion ).

(iv)  Officers attending at Full Council meetings

The Mayor confirmed that the process for officers attending Full Council meetings and questions to officers on reports remained unchanged:

a. if the matter was very complicated, members were expected to ask such questions in advance. 

b.   if members did not do this, and in the Mayor’s view they should have asked the matter in advance, then they go without the answer, unless the question is so significant that either the Chief Executive, Chief Financial Officer or Monitoring Officer feel that the Council can no longer proceed to make a decision without knowing the information.

c. the report template is being revised in order to highlight who is to be contacted in advance,

d.officers would continue to be contacted in advance to advise on who is intending to come. Arrangements can be made with officers waiting for their item to find them somewhere quiet to work and get them just prior to the item. The only people who can release them from attending the meeting are the Solicitor to the Council and the Democratic Services Manager in agreement with the Mayor. If there is a specific issue or problem, then there are things that can be done but this needs to be arranged in advance of the meeting.

To receive any requests for Deputations, Presentation of Petitions or Public Questions.

(i)  The Council received and noted a deputation from Mr. N. Chaffey, calling on Council to reject the proposed cuts to jobs and council services and speaking in support of those councillors who are willing to fight the government austerity agenda.

(ii)  The Council noted that Mr. A .Berry who had requested to make a deputation to the Council meeting was not in attendance.

Report of the Leader of the Council outlining Executive Business conducted since the last Council meeting in September 2012, attached.

The report of the Leader of the Council was submitted, setting out the details of the business undertaken by the Executive (copy of report circulated with agenda and appended to signed minutes).

The Leader and the Cabinet made statements and responded to Questions.

The following questions were then submitted in accordance with Council Procedure Rule 11.1:-

1.  Promoting Fan and Community Ownership

Question from Councillor Parnell to Councillor Payne

Following the motion concerning Promoting Fan and Community ownership, how many letters or E mails were sent and what has been the response?

Answer

The aim of Cllr Pope's motion in September was to call for action and encourage community organising, not burden the Council with additional commitments. Following the motion, Cllr Pope has worked on the issue in addition to his Council duties, resulting in virtually no burden on the authority. His work has included encouraging other councils to adopt a similar motion and he has recently been approached by the Daily Mail newspaper, which is interested in the campaign. Cllr Pope also met several MPs and officials in London this month (November) to discuss the content of his motion and encourage further action.

2.  Family Matters Grant

Question from Councillor Parnell to Councillor Rayment

Family matters grant. How much of the £765,600 (2012/13) has been spent? Are we on target to receive the further £166,400 if we meet the agreed targets? Is the grant ring fenced?

Answer

40% of resource has been spent and by the end of the financial year this will have increased to 86%.  The resource is ring-fenced, so can be used with families as the programme develops.
We are on track to draw down the £166,400 as we successfully move families forward.

3.  Scheduled Meetings

Question from Councillor Moulton to Councillor Dr. Williams

Please will the Leader say how many meetings he has had with Helius since he became Leader and give the dates and attendees?

Answer

The Leader has met with senior representatives of Helius on two occasions since he became Leader, as detailed below:

25 June 2012 – met with Adrian Bowles, Chief Executive; Rozie Haines, Environmental Planner and Paul Brighton, Planning Director of Helius, plus Cllr Asa Thorpe, Cabinet Member for Environment and Transport

17 October 2012 – met with Adrian Bowles, Chief Executive; Rozie Haines, Environmental Planner and Paul Brighton, Planning Director of Helius, plus Paul Nichols, Senior Manager and Steve Harrison, Planning Officer/Team Leader SCC.

4.  Resident and Community Groups

Question from Councillor Moulton to Councillor Rayment

What is the Cabinet Member doing to ensure that resident and community groups are properly insured and what is she doing to support them in achieving this?

Answer

The Communities Team offers advice and information to community organisations on appropriate insurance cover, both face-to-face and through its online guide on insurance, available from http://www.southampton.gov.uk/living/comliving/Resources/howtoguides.aspx  and in hard copy on request.

Groups can apply to Community Chest for contributions towards insurance cover. The next round closes on 15^th November.  ...  view the full minutes text for item 72.

(a)  Councillor Letts to move:-

“Council notes the impact that the Government’s austerity programme has had on the City of Southampton.

Council is dismayed that the cumulative impact of budget savings in 2011-12 and 2012-13 amounts to £353 per household.

This Council notes the potential for further cuts in funding for the budget round in 2013-14.

Council believes it is the duty of all Councillors elected by the citizens of Southampton to do the best they can to secure a fair funding deal from any government for our City.

Council calls on all Group leaders to jointly lobby Government ministers on behalf of the City to secure the best funding deal available.

Council calls on all elected representatives both parliamentary and local government to ‘Stand up for Southampton’.”

(b)  Councillor Vinson to move:-

“Planning and Housing

This Council believes that local people, through their democratically elected local authorities, are the most suitable judges of what development is acceptable in an area and the suitable level of contributions that developers should make.

This Council opposes:

·  The Secretary of State's proposals for the Planning Inspectorate to have powers to override agreements between Councils and developers over the number of affordable housing units allocated to planning applications.

·  The Secretary of State’s proposals for planning permission – currently required for extensions of more than three or four metres from the rear wall of any home – to only be needed for those reaching beyond 8m for detached homes and 6m for others

·  The Secretary of State's proposals for the Planning Inspectorate to take planning powers away from local authorities deemed to be slow or of making poor quality planning decisions in determining applications.

This Council urges the Government to listen to the concerns being expressed by the cross-party LGA.

This Council resolves to formally write to the Secretary of State for Communities and Local Government, outlining this Council’s opposition to the plans.”

(a)  Council Funding

With the consent of the meeting,Councillor Letts altered and moved his motion and Councillor Dr Williams seconded:-

“Council notes the impact that the Government’s austerity programme has had on the City of Southampton.

This Council notes the potential for further cuts in funding for the budget round in 2013-14.

Council believes it is the duty of all Councillors elected by the citizens of Southampton to do the best they can to secure a fair funding deal from any government for our City.

Council calls on all Group leaders to jointly lobby Government ministers on behalf of the City to secure the best funding deal available.

Council calls on all elected representatives both parliamentary and local government to ‘Stand up for Southampton’.”

With the consent of the meeting, Councillor Vinson altered and moved his amendment and Councillor Turner seconded:-

Additional text to be added at the end of the Motion:

‘Council also calls on the Government to recognise the adverse impact on Southampton of the closure of the Ford plant and to take this into account in determining future grant allocations to the City”.

Amended Motion to read:

Council notes the impact that the Government’s austerity programme has had on the City of Southampton.

This Council notes the potential for further cuts in funding for the budget round in 2013-14.

Council believes it is the duty of all Councillors elected by the citizens of Southampton to do the best they can to secure a fair funding deal from any government for our City.

Council calls on all Group leaders to jointly lobby Government ministers on behalf of the City to secure the best funding deal available.

Council calls on all elected representatives both parliamentary and local government to ‘Stand up for Southampton.

Council also calls on the Government to recognise the adverse impact on Southampton of the closure of the Ford plant and to take this into account in determining future grant allocations to the City.

The Council agreed to suspend Council Procedure Rules 14.2, 14.5, 14.6, 14.7, 14.8, 14.9 and 16.2:-

(i) to enable the above items to be considered together;

(ii) to enable any amendments to be proposed, seconded and considered at the same time;

(iii) to enable any amendment to be re-introduced later into the meeting.

UPON BEING PUT TO THE VOTE THE AMENDMENT IN THE NAME OF COUNCILLOR VINSON WAS DECLARED CARRIED

UPON BEING PUT TO THE VOTE THE MOTION AS AMENDED WAS DECLARED CARRIED

RESOLVED that the motion as amended be approved.

(b) Planning and Housing

Councillor Vinson moved and Councillor Turner seconded:-

This Council believes that local people, through their democratically elected local authorities, are the most suitable judges of what development is acceptable in an area and the suitable level of contributions that developers should make.

This Council opposes:

·  The Secretary of State's proposals for the Planning Inspectorate to have powers to override agreements between Councils and developers over the number of affordable housing  ...  view the full minutes text for item 73.

To consider any question of which notice has been given under Council Procedure Rule 11.2.

1.  Licensing Rules

Question from Councillor Moulton to Councillor Cunio

Following my request that the Council and police work together to look at introducing tougher licensing rules in and around Shirley Road and High Street, what progress has been made?

Answer

The Licensing team and the police along with other agencies already work effectively to ensure that the licensing laws are effectively enforced. Individual complaints are investigated as appropriate. There has been no evidence to date submitted by the police to start considering any revision to the current Cumulative Impact Policy areas.

To deal with any appointments to Committees, Sub-Committees or other bodies as required.

RESOLVED that subject to certain decisions that may, from time to time be made by the Council, the following Committees, Sub-Committees and other bodies be appointed with the allocation of seats to political groups shown therein and they be delegated authority to act within their Terms of Reference.

Appointment to Committees / Sub-Committees and other Bodies NOT subject to political proportionality and therefore not included in the above calculations

Report of the Head of Legal, HR and Democratic Services regarding the findings of the Local Government Ombudsman in relation to an adult social services matter, attached.

The report of the Head of Legal, HR and Democratic Services was submitted regarding the findings of the Local Government Ombudsman in relation to an adult social services matter (copy of report circulated with agenda and appended to signed minutes).

RESOLVED

(i)  that the report of the Local Government Ombudsman attached at Appendix 1 to the report be received;

(ii)  That the Ombudsman’s settlement proposals that have been agreed by the Proper Officer under powers delegated to him to settle Local Government Ombudsman complaints in accordance with the Council’s Constitution be noted: The settlement that has been agreed is to:

a)  Meet the full cost of Mrs Elliot’s care in Care Home B from 31^st July 2011 (less the assessed contribution Mrs Elliot needed to pay.)

b)  Refund the top up fees Mrs Elliot’s family had paid from 31^st July 2011 and pay them interest on those payments at the Council’s standard interest rate.

c)  Pay Mrs Elliot’s family £500 to recognise the time, trouble and distress caused to them.

d)  Review the Council’s guidance for staff regarding the availability of services at the Council’s ‘usual rate’.

e)  In the short term, to negotiate access to placements at the Council’s ‘usual rate’ with key care home providers. In the medium term, to hold discussions with care home providers to develop an agreement on fee levels.

Report of the Head of Legal, HR and Democratic Services seeking the adoption of a revised Gambling Act Policy, attached. 

The report of the Head of Legal, HR and Democratic Services was submitted seeking the adoption of a revised Gambling Act Policy (copy of the report circulated with the agenda and appended to signed minutes).

RESOLVED that the draft revised Gambling Act policy be adopted.

To move that in accordance with the Council’s Constitution, specifically the Access to Information procedure Rules contained within the Constitution, the press and public be excluded from the meeting in respect of any consideration of the following confidential report .

Report is considered to be confidential, the confidentiality of which is based on category 4 of paragraph 10.4 of the Council’s Access to Information Procedure Rules. 

It is not considered to be in the public interest to disclose this information because this Report/ Appendix contains confidential and commercially sensitive information relating to the personal interests of employees involved in this matter.

The information contained therein is potentially exempt as it relates to individual personal details and information held under the Data Protection Act 1998. Having applied the public interest test it is not appropriate to disclose this information as the individuals' legal expectation of privacy outweighs the public interest in the exempt information.

RESOLVED: that in accordance with the Council’s Constitution, specifically the Access to Information procedure Rules contained within the Constitution, the press and public be excluded from the meeting in respect of any consideration of the following confidential report .

The report is considered to be confidential, the confidentiality of which is based on category 4 of paragraph 10.4 of the Council’s Access to Information Procedure Rules. 

It is not considered to be in the public interest to disclose this information because this Report contains confidential and commercially sensitive information relating to the personal interests of employees involved in this matter.

The information contained therein is potentially exempt as it relates to individual personal details and information held under the Data Protection Act 1998. Having applied the public interest test it is not appropriate to disclose this information as the individuals' legal expectation of privacy outweighs the public interest in the exempt information.

Report of the Head of Legal, HR and Democratic Services regarding employees’ terms and conditions litigation and the proposals for settlement, attached.

The confidential report of the Head of Legal, HR and Democratic Services was submitted regarding employees’ terms and conditions litigation and the proposals for settlement (copy of report circulated with the agenda and appended to signed minutes).

RESOLVED:

(i)  That the Council resolves to settle the legal proceedings under Multiple Reference No. 3462 (Case No. 3101094/2011) brought by Unison, Unite and UCATT against the Council in the terms as detailed in Appendix 1 of the report; and

(ii)  That the Head of Legal, HR and Democratic Services be authorised to undertake all such action to give effect to this decision.

Report of the Cabinet Member for Communities seeking approval to a revised Equality Policy and Equality Action Plan (January 2013 to March 2016), attached.

The report of the Cabinet Member for Communities was submitted seeking approval to a revised Equality Policy and Equality Action Plan (January 2013 to March 2016) (copy of report circulated with agenda and appended to signed minutes).

RESOLVED:

(i)  That the revised Equality Policy be approved;

(ii)  That the new Equality objectives, to be monitored through an Equality Action Plan, be approved.

Report of the Cabinet Member for Housing and Leisure regarding further consideration of the financial model and approval of the capital expenditure for the implementation of Phase 1, attached.

The report of the Cabinet Member for Housing and Leisure was submitted regarding further consideration of the financial model and approval of the capital expenditure for the implementation of Phase 1 (copy of report circulated with agenda and appended to signed minutes).

The Council agreed to suspend Council Procedure Rules 14.2, 14.5, 14.6, 14.7, 14.8, 14.9 and 16.2:-

(i) to enable the above items to be considered together;

(ii) to enable any amendments to be proposed, seconded and considered at the same time;

(iii) to enable any amendment to be re-introduced later into the meeting.

Amendment moved by Councillor Baillie and seconded by Councillor Hannides:

Add additional recommendations (iv) and (v) as follows:

(iv)  that Council notes that the rationale behind estate regeneration is the poor quality of many of Southampton’s estates, together with significant social, economic, education and health deprivation found on those estates. Council further notes that all the available evidence tells us that only with wholesale estate regeneration will the social, economic, education and health deprivation of those residents be improved on those estates.

(v)  that Council asks Cabinet to note that significant economic and social damage may occur through only offering homes at affordable rent and Cabinet will therefore endeavour to offer a significant number of homes at social rent.

Amended recommendations to read:

(i)  To agree that the HRA capital programme will fund the site preparation costs set out in this report, currently estimated at £11.8M, and:

(a)  To approve a virement of £10.5M from the uncommitted provision for Estate Regeneration, which exists in the HRA capital programme and business plan, and £1.3M from the uncommitted funding for affordable housing in the Housing GF capital programme to establish a specific budget of £11.8M for the regeneration of Townhill Park, the phasing for which is set out in Appendix 1.

(b)  To approve, in accordance with Financial Procedure Rules, capital spending of £3.9M on site preparation costs, including the purchase of leasehold interests, for Phase 1 of the Townhill Park regeneration project phased, £0.5M in 2012/13, £2.0M in 2013/14 and £1.4M in 2014/15.

(c)  To approve, in accordance with Financial Procedure Rules, capital spending of up to a further £3.9M on the purchase of leasehold interests for properties in phases 2 and 3 of the Townhill Park regeneration project phased, £0.5M in 2013/14, £0.8M in 2014/15, £1.4M in 2015/16 and £1.2M in 2016/17.

(ii)  To approve the use of £23.9M of the 30 year HRA revenue surplus to meet the long term revenue costs of the regeneration of Townhill Park, which includes the requirement to repay the debt on the dwellings that have been disposed of from the general HRA revenue balance as there is no net capital receipt to fund this repayment.

(iii)  To agree that the General Fund capital programme will fund the highways infrastructure and open space improvements at an estimated cost of £2.6M with the method of funding this being agreed once the use of the Community Infrastructure Levy  ...  view the full minutes text for item 81.

To move that in accordance with the Council’s Constitution, specifically the Access to Information Procedure Rules contained within the Constitution, the press and public be excluded from the meeting in respect of any consideration of the confidential appendicesto the following Item

Confidential appendices 1 and 2 contain information deemed to be exempt from general publication based on Category 3 of paragraph 10.4 of the Council’s Access to Information Procedure Rules. It is not in the public interest to disclose this because doing so would prejudice the Authority’s ability to achieve best consideration for the disposal of land and the awarding of a contract to carry out building works.

RESOLVED That in accordance with the Council’s Constitution, specifically the Access to Information Procedure Rules contained within the Constitution, the press and public be excluded from the meeting in respect of any consideration of the confidential appendices to the following Item.

Confidential appendices 1 and 2 contain information deemed to be exempt from general publication based on Category 3 of paragraph 10.4 of the Council’s Access to Information Procedure Rules. It is not in the public interest to disclose this because doing so would prejudice the Authority’s ability to achieve best consideration for the disposal of land and the awarding of a contract to carry out building works.

Report of the Cabinet Member for Housing and Leisure regarding library facilities in the Woolston area, attached.

The report of the Cabinet Member for Housing and Leisure was submitted regarding library facilities in the Woolston area (copy of report circulated with agenda and appended to signed minutes).

RESOLVED:

(i)  That in accordance with Financial Procedure Rules, a sum of  £957,000 be added to the Housing and Leisure Capital Programme for the fitting out of the community facilities including the replacement library in Centenary Quay funded from Council resources;

(ii)  That it be noted that the proposal is to fund the fit out from capital receipts as set out in appendix 2 of the report;

(iii)  That a significant element of the capital receipts funding is from the potential sale of site 1 as identified in confidential appendix 2 of the report, and that no decision has yet been made to sell site 1 be noted;

(iv)  That it be agreed that the shortfall in capital funding required for the fit out be funded from general Council resources should the sale of site 1 not proceed.

Report of the Cabinet Member for Communities seeking approval of the Southampton Youth Offending Service (YOS) Annual Youth Justice Plan 2012/13, attached.

The report of the Cabinet Member for Communities was submitted seeking approval of the Southampton Youth Offending Service (YOS) Annual Youth Justice Plan 2012/13 (copy of report circulated with agenda and appended to signed minutes).

RESOLVED that the Southampton Youth Offending Service Annual Youth Justice Plan 2012/13, as set out in Appendix 1 to the report, be approved.

Report of the Cabinet Member for Environment and Transport regarding the bid submitted to the Government’s Weekly Collection Support Scheme, attached.

The report of the Cabinet Member for Environment and Transport was submitted regarding the bid submitted to the Government’s Weekly Collection Support Scheme (copy of report circulated with the agenda and appended to signed minutes).

RESOLVED: that subject to notification of the bid being successful in the sum of £8.28m:

(i)  That government grant funding of £8.28m be accepted;

(ii)  That the addition of the capital scheme “Weekly Collection Support Scheme” to the Environment & Transport Capital Programme in order to deliver the outcomes of the bid, a total of £2,165,000 to be funded by government grants be approved;

(iii)  That the capital expenditure on the capital scheme “Weekly Collection Support Scheme” of £2,165,000 phased £876,000 in 2012/13, £979,000 in 2013/14 and £310,000 in 2014/15, be approved;

(iv)  That the addition of £1,097,000 to the 2012/13 revenue estimates of the Environment and Transport Portfolio funded by government grant be approved and that it be noted that further additions of £2,373,000 to the 2013/14 and £2,645,000 to the 2014/15 revenue estimates would be formally made as part of the preparation of those financial years’ budget;

(v)  That it be noted that if, as part of the announcement, Southampton has been awarded an amount less than the total bid but the partial award still enables the key elements of the bid to be delivered, that delegated authority is given to the Director of Environment & Economy following consultation with the portfolio holder for Environment & Transport, portfolio holder for Resources, Head of Legal, HR & Democratic Services and Head of Finance & IT to proceed with accepting a reduced allocation of up to £1.28m. 

Report of the Cabinet Member for Environment and Transport in association with the Cabinet Member for Resources seeking to accept new funding and add to the capital and revenue programmes for transport, attached.

The report of the Cabinet Member for Environment and Transport in association with the Cabinet Member for Resources was submitted seeking to accept new funding and add to the capital and revenue programmes for transport (copy of report circulated with agenda and appended to signed minutes).

RESOLVED:

(i)  that grant funding from the Local Sustainable Transport Fund (LSTF) of £9.013M split between Capital £7.193M and Revenue £1.819M over the following three years 2012/13 to 2014/15.  Total awarded to Transport for South Hampshire, £17.839M be accepted;

(ii)  that a further LSTF allocation of £330K to deliver Real Time Information (RTI) Phase 4 capital works in 2012/13 be accepted;

(iii)  that grant funding of £50K from Better Bus Area Fund (BBAF) to fund Capital expenditure of £40K in 2012/13 and Revenue expenditure of £10K in 2012/13 be accepted;

(iv)  That £7.193M, phased £0.610M in 2012/13, £4.584M in 2013/14 and £1.999M in 2014/15 be added to the Environment and Transport Capital Programme, Integrated Transport, in order to deliver transport measures across the City funded by LSTF grant;

(v)  That a further £330K of LSTF allocation be added to the Environment and Transport Capital Programme, Integrated Transport, to deliver Real Time Information Phase 4 capital works in 2012/13;

(vi)  That £40K of Better Bus Area Fund (BBAF) be added to the Environment and Transport Capital Programme, Integrated Transport towards transport measures across the City in 2012/13;

(vii)  That £1.392M of Public Realm Section 106 contributions phased £142K in 2012/13, £302K in 2013/14 and £948K in 2014/15 be added to the Environment and Transport Capital Programme, Public Realm, in order to deliver the Centenary Quay public realm;

(viii)  That £910K of Strategic Transport Section 106 contributions phased £80K in 2012/13, £410K in 2013/14 and £420K in 2014/15 be added to the Environment and Transport Capital Programme for Integrated Transport, towards developing transport measures across the City;

(ix)  That expenditure in accordance with Financial Procedure Rules, be approved on schemes and projects totalling £9.865M to the Environment and Transport Capital Programme for Integrated Transport, phased £1.202M in 2012/13, £5.296M in 2013/14 and £3.367M in 2014/15 funded as detailed in Appendix 1 of the report on schemes as detailed in Appendix 2 and Appendix 3 of the report;

(x)  That the additionof £428,000 to the 2012/13 revenue estimates of the Environment and Transport Portfolio funded by government grant (LSTF and BBAF) be approved and it be noted that further additions of £894,000 to the 2013/14 and £507,000 to the 2014/15 revenue estimates would be formally made as part of the preparation of those financial years’ budget; and

(xi)  That it be noted that Southampton would play a lead authority role for the delivery of a South Hampshire Smartcard for Public Transport, Legible Cities projects procured by SCC as lead authority for TfSH from LSTF Funding including developing a joint back office as agreed at TfSH Joint Council committee 25/09/2012, for which a scheme of £5M is included in the proposed capital programme, contained  ...  view the full minutes text for item 86.

Report of the Head of Finance and IT (Chief Financial Officer) regarding the Treasury Management Strategy and Prudential Limits Mid Year Review, attached.

The report of the Head of Finance and IT (Chief Financial Officer) was submitted regarding the Treasury Management Strategy and Prudential Limits Mid Year Review (copy of report circulated with agenda and appended to signed minutes).

RESOLVED:

(i)  That any changes to the Council’s Prudential Indicators as detailed within the report be approved;

(ii)  That delegated authority continue to be granted to the Chief Financial Officer, following consultation with the Cabinet Member for Resources to approve any changes to the Prudential Indicators or borrowing limits that will aid good treasury management. 

(iii)  That it be noted that the continued proactive approach to TM has led to reductions in borrowing costs and safeguarded investment income; and

(iv)  That changes to the 2011/12 Capital Financing Requirement to that reported in the Outturn report due to an amendment to the funding of the programme with a reduction in capital contributions and a corresponding increase in borrowing be noted.