Decision details

CAPITAL STRATEGY, CAPITAL PROGRAMME AND PRUDENTIAL & LOCAL INDICATORS 2019/22

Decision Maker: Executive

Decision status: For Determination

Is Key decision?: Yes

Is subject to call in?: Yes

Decision:

1. That the Capital Programme as detailed in Appendix 2 of the report be approved.

2. That approval be given to the Schemes to be undertaken from the “block” budget allocations reported in paragraph 21 and detailed Appendix 4 to the report.

 

3. That it be recommended that Council approve:

a) The Capital Strategy included in Appendix 1 to the report;

b) the overall Capital Programme in the sum of £212.28m for the period 2019/22, comprising £112.28m in respect of the General Programme and £100m for the Asset Investment Fund;

c) additional prudential borrowing of £6.91m to support revenue generating investment opportunities as detailed in Paragraph 13 and a further £100m which will be added to the Asset Investment Fund as detailed in Paragraph 33 of the report;

d) the Prudential and Local Indicators as set out at Appendix 3 of the report.

Report author: Corporate Director Finance and Systems

Publication date: 25/02/2019

Date of decision: 20/02/2019

Decided at meeting: 20/02/2019 - Executive

Effective from: 05/03/2019

Accompanying Documents: