Issue - meetings

Capital Strategy including Prudential Indicators 2023/24 – 2025/26

Meeting: 22/11/2022 - Cabinet (Item 74)

74 Capital Strategy including Prudential Indicators 2023/24 – 2025/26 pdf icon PDF 285 KB

Additional documents:

Decision:

As detailed in the recommendations.

Minutes:

Councillor Johnson introduced the report which provided an update on the Council’s Capital Strategy and sought Cabinet approval for recommendation to Council.

 

The report explained the need for the Strategy, it’s key aims, and the content of each of its sections.

 

Under the Prudential Code for Capital Finance in Local Authorities (the Prudential Code), authorities were required to set a range of Prudential Indicators (PIs).  The Capital Strategy included details of the Council’s Prudential Indicators for 2023/24 – 2025/26.

 

RESOLVED:

 

(a)       That the Capital Strategy be approved and recommended to Council; and

 

(b)       That the following be approved and recommended to Council:

 

·         The Prudential Indicators for 2023/24 – 2025/26 as detailed within Tables 1, and 4-8 of the Capital Strategy; and

·         Delegated authority be granted for the Corporate Finance Manager to effect movements between the separately agreed limits within the authorised limit for external dent and the operational boundary for external debt (Table 6 of the Capital Strategy).