Issue - meetings

(a)       That the Capital Strategy be approved; and

(b)       That the following be approved:

·         The Prudential Indicators for 2020/21 – 2022/23 as detailed within Tables 1, and 4 – 7 inclusive of the Capital Strategy; and

·         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 Capital Strategy Including Prudential Indicators 2020/21 to 2022/23 report which provided an update on the Strategy, including why a Strategy was needed, its key aims and the content of each of its sections.

            Councillor Banks moved the recommendations of the report which were seconded by Councillor Mullin.

            In response to a question from Councillor Peers, the Chief Executive explained that the Council did not have any PFI schemes.

            On being put to the vote the recommendations were carried.

RESOLVED:

(a)       That the Capital Strategy be approved; and

(b)       That the following be approved:

·         The Prudential Indicators for 2020/21 – 2022/23 as detailed within Tables 1, and 4 – 7 inclusive of the Capital Strategy; and

·         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).