Issue - meetings

A report from the Director of Finance is attached. (Key decision – reference number 4828)

(Report No.162)

(7.45 – 7.50 pm)

Councillor Mary Maguire (Cabinet Member for Finance and Procurement) introduced the report of the Director of Finance (No.162) setting the 2019/20 – 2022/23 capital programme and seeking approval to the capital strategy 2019/20.

NOTED

1.            That the Capital Strategy was a new requirement which became mandatory for 2019/20 onwards and introduced as part of the update of the Prudential Code, as set out in the report.

2.            The capital programme summary and the schemes within the Corporate Property Investment Programme as set out in the report. The detail within the appendices to the report were noted.

Alternative Options Considered: Not applicable to this report.

RECOMMENDED TO COUNCIL

1.            To agree the 2019/20 Capital Strategy.

2.            The Capital Programme for 2019/20 to 2022/23 as set out in Appendix 2 – Table A of the report referred, including new projects arising from revenue savings.

3.            To note the projects in the approval cycle as detailed in Appendix 2 – Table B of the report referred, which would be added to the 2019/20 Capital Programme pending approval.

4.            To note the projects in the pipeline as detailed in Appendix 2 – Table C of the report referred.

Reason: To set the 2019/20 – 2022/23 Capital programme and agree the Capital Strategy 2019/20.

(Key decision – reference number 4828)

Members expressed their appreciation to the Director of Finance, Interim Director of Finance, all Executive Directors and Directors for the considerable work which had been undertaken on all of the budget related reports and proposals being presented to Members for approval at this meeting.