Issue - meetings
CAPITAL STRATEGY, CAPITAL PROGRAMME AND PRUDENTIAL & LOCAL INDICATORS 2019/22
Meeting: 20/02/2019 - Executive (Item 96)
96 CAPITAL STRATEGY, CAPITAL PROGRAMME AND PRUDENTIAL & LOCAL INDICATORS 2019/22 
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To consider a report of the Executive Member for Finance and the Corporate Director Finance and Systems.
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.
Minutes:
The Executive Member for Finance and the Corporate Director of Finance and Systemssubmitted a report which set out the Council’s investment plans for the next three years taking into account the estimated resources to be made available from Government as well as the Council’s own resources.
RESOLVED -
(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.
