Issue - meetings

(a)      That the Capital Strategy be approved; and.

(b)      That the following be approved: -

•        The Prudential Indicators for 2024/25 - 2026/27 as detailed within Tables 1, and 4 – 8 of the Capital Strategy.

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

            The Corporate Finance Manager introduced the report which presented the Capital Strategy Including Prudential Indicators 2024/25 – 2026/27 for approval.

The report highlighted the ways in which the Capital Programme was developed and funded, the potential impact on the Council’s Medium Term Financial Strategy (MTFS) and its relationship to the Council’s Treasury Management Strategy. There was very little change to the Capital Strategy presented last year apart from updates to the Council Prudential Indicators for 2024/25 – 2026/27.

Table 1 provided information on the intended spend of the Capital Programme for the next three years with Table 2 advising how this spend would be financed, with  Table 8 providing an overview on how financing costs compared to budget.

The recommendations in the report were moved by Councillor Johnson and seconded by Councillor Bibby

RESOLVED

(a)      That the Capital Strategy be approved; and.

(b)      That the following be approved: -

•        The Prudential Indicators for 2024/25 - 2026/27 as detailed within Tables 1, and 4 – 8 of the Capital Strategy.

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