To consider a report of the Executive Member for Finance and Governance and the Director of Finance and Systems.

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

2)    That the schemes to be undertaken from the “block” budget allocations reported in paragraph 21 and detailed Appendix 4 of the report be approved.

3)    That it be recommended that Council approve:

·       the Capital Strategy included in Appendix 1 to the report;

·       the overall Capital Programme in the sum of £417.38m for the period 2022/25, comprising £187.23m in respect of the General Capital Programme and £230.15m for the Investment Fund and

·       additional prudential borrowing of £50.52m as detailed in paragraph 12 of the report.

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

·       the Asset Investment Strategy included in Appendix 5 of the report.

·       the flexible use of capital receipts of up to £0.27m to support the cost of the Modernisation Team in developing the Council’s Finance and Change Programme.

·       the flexible use of capital receipts strategy as detailed in paragraph 16 of the report.

The Leader introduced the report and reminded those in attendance that it was for approval of the Executives recommendations to Council and there would be opportunity for detailed discussion during the following budget Council meeting.

Councillor Chalkin thanked the Executive for finding money within the budget for surfacing Hale Road and repairs in Stamford Park.

The Leader then moved the recommendations, and they were approved.

RESOLVED:

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

2)    That the schemes to be undertaken from the “block” budget allocations reported in paragraph 21 and detailed Appendix 4 of the report be approved.

3)    That it be recommended that Council approve:

·       the Capital Strategy included in Appendix 1 to the report;

·       the overall Capital Programme in the sum of £417.38m for the period 2022/25, comprising £187.23m in respect of the General Capital Programme and £230.15m for the Investment Fund and

·       additional prudential borrowing of £50.52m as detailed in paragraph 12 of the report.

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

·       the Asset Investment Strategy included in Appendix 5 of the report.

·       the flexible use of capital receipts of up to £0.27m to support the cost of the Modernisation Team in developing the Council’s Finance and Change Programme.

·       the flexible use of capital receipts strategy as detailed in paragraph 16 of the report.