Issue - meetings

As detailed in the recommendations.

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

The Corporate Finance Manager explained the need for the Strategy, its key aims and the content of each of its sections.

            The key aims of the Strategy were to explain the ways in which the capital programme was developed and funded, the potential impact it had on the Council’s Medium-Term Financial Strategy (MTFS) and the way in which it related to the Council’s Treasury Management Strategy.  The Strategy was split into a number of sections which were outlined in the report.

            The tables detailed in the appendices were explained. 

Corporate Resources Overview and Scrutiny had considered the report the previous week and no areas of concern were raised.  The report would be submitted to County Council in December.

RESOLVED:

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

(b)       That Cabinet approve and recommend the following to County Council:

·         The Prudential Indicators for 2021/22 – 2023/24 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).