Issue - meetings

(a)       That the Committee notes the Capital Strategy; and

(b)       That the Committee notes:-

·         The Prudential Indicators for 2023/24 - 2025/26 as detailed within Tables 1, and 4-8 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 presented the updated Capital Strategy prior to submission to Cabinet.  The Strategy was an overarching document which brought together various strategies and policies, split into a number of sections incorporating details of the Council’s Prudential Indicators for 2023/24 - 2025/26.

The Chairman shared his own concerns about being asked to recommend the report due to the impact of capital decisions upon the revenue account and without the associated figures.  In the absence of further detail, he proposed that the recommendations be changed to reflect that they be noted by the Committee.  His concerns were shared by Councillor Attridge who seconded the proposal.

On being put to the vote, the amendment was carried.

RESOLVED:

(a)       That the Committee notes the Capital Strategy; and

(b)       That the Committee notes:-

·         The Prudential Indicators for 2023/24 - 2025/26 as detailed within Tables 1, and 4-8 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).