Issue - meetings

(a)       That the Committee recommends the Capital Strategy to Cabinet; and

(b)       That the Committee recommends to Cabinet:-

·         The Prudential Indicators for 2024/25-2026/27 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 2024/25-2026/27.

As suggested by the Chair, there would be a slight change to clarify that capital receipts could be used to directly fund the Minimum Revenue Provision.

On that basis, the recommendations were moved and seconded by Councillors Bernie Attridge and Allan Marshall.

RESOLVED:

(a)       That the Committee recommends the Capital Strategy to Cabinet; and

(b)       That the Committee recommends to Cabinet:-

·         The Prudential Indicators for 2024/25-2026/27 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).