Issue - meetings

A report from the Executive Director of Resources is attached.  (Key decision – reference number 5502)

Cllr Tim Leaver (Cabinet Member for Finance and Procurement) introduced the report of the Executive Director Resources, setting out the 2023/24 Capital Strategy and 2023/24 to 2032/33 Ten Year Capital Programme, for approval by Council.

The ten year programme aligned with the Ten Year Treasury Management Strategy, and improved the Council’s ability to take a strategic view of planned capital investment and the impacts of decisions on revenue budgets and overall borrowing.

DECISION:  The Cabinet agreed:

1.  To recommend that Council approves the:

i. 2023/24 Capital Strategy as detailed in Appendix 1 of the report.

ii. 2023/24 Capital Programme and notes the 2024/25 to 2032/33 Ten Year Capital Programme as set out in Appendix 5c.

iii. 2023/24 Match funding and invest to save contingency of £2.75m (Para. 16).

iv. 2022/23 Budget carry forwards as detailed in Appendix 2.

2.  Subject to approval of recommendation in para 1iii, delegate approval to drawdown from the Match funding /Invest to save contingency, to the Executive Director of Resources.

The report sets out the options considered, if any, and the reasons for the recommendations and the decision.

(Key decision – reference number 5502)