Issue - meetings

As detailed in the recommendations.

Councillor Johnson introduced the report which detailed the proposed Capital Programme for the period 2024/25 – 2026/27 for recommendation to Council.

The report explained the need for the Strategy, its key aims, and the content of each of its 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 2024/25 – 2026/27.

The Corporate Finance Manager explained that the report had been submitted to Corporate Resources Overview and Scrutiny Committee the previous week and there were no significant issues raised.

RESOLVED:

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

(b)       That the following be approved and recommended to County Council:

·         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)