Issue - meetings

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

Additional documents:

Enc. 1 for Capital Strategy including Prudential Indicators 2023/24 – 2025/26, item 69 PDF 290 KB
Webcast for Capital Strategy including Prudential Indicators 2023/24 – 2025/26

Decision:

RESOLVED:

(a) That the Capital Strategy be approved; and

(b) That the following be approved:

• The Prudential Indicators for 2023/24 - 2025/26 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).

Minutes:

The Corporate Finance Manager presented the report to provide an update on the Council’s Capital Strategy 2023/24 – 2025/26 and seek approval by Council. The report explained the need for the Strategy, the key aims, and content of each of the sections. Under the Prudential Code for Capital Finance in Local Authorities (the Prudential Code), Authorities were required to set a range of Prudential Indicators (PI’s). The Capital Strategy included details of the Council’s Prudential Indicators for 2023/24 – 2025/26.

The Capital Strategy was noted by the Corporate Resources Overview and Scrutiny Committee at a meeting held on 17 November 2022 and comments were reported back to a meeting of the Cabinet held on 22November 2022. No recommended changes or concerns had been raised.

Councillor Richard Jones requested that in future meetings of the Council the Capital Strategy be presented for consideration before the Capital Programme. Councillor Paul Johnson referred to an agreement which had been reached previously by Members on the order of the items.

The recommendations in the report were moved by Councillor Paul Johnson and duly seconded. When put to the vote the recommendations were carried.