Issue - decisions

CAPITAL STRATEGY, ASSET INVESTMENT STRATEGY, CAPITAL PROGRAMME AND PRUDENTIAL & LOCAL INDICATORS 2022/25

22/02/2022 - CAPITAL STRATEGY, ASSET INVESTMENT STRATEGY, CAPITAL PROGRAMME AND PRUDENTIAL & LOCAL INDICATORS 2022/25

(1) That approval be given to:

 

·       The Capital Programme as detailed in Appendix 2 to the report.

·       Schemes to be undertaken from the “block” budget allocations reported in paragraph 21 and detailed Appendix 4 of the report.

 

(2) 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.