124 *Capital Strategy 2020/21 PDF 107 KB
To consider and decide on the recommendations as set out in the attached report.
Additional documents:
Decision:
RESOLVED – That Full Council be recommended that the Capital Strategy 2020/21, as set out at Appendix A to the report be adopted.
REASON FOR DECISION:
To provide guidance on the Council’s capital programme and the use of its capital resources as required by the Chartered Institute for Public Finance and Accountancy and Prudential Code and Treasury Management Codes.
Minutes:
Lee Colyer, Director of Finance, Policy and Development introduced the Report that provided a high-level long term overview of how capital expenditure, capital financing and treasury management activity contributed to the provision of services. It also provided an overview on how associated risk was managed and implications for future investment sustainability. Discussion and responses to Members questions included the following matters.
- The Chartered Institute for Public Finance and Accountancy (CIPFA) required all local authorities to produce a Capital Strategy Report.
- The current Report now included the Climate Emergency Declaration.
- The increase in the current Asset Portfolio from £121m to almost £128m was welcomed.
RESOLVED – That Full Council be recommended that the Capital Strategy 2020/21, as set out at Appendix A to the report be adopted.
REASON FOR DECISION:
To provide guidance on the Council’s capital programme and the use of its capital resources as required by the Chartered Institute for Public Finance and Accountancy and Prudential Code and Treasury Management Codes.
79 *Capital Strategy 2020/21 PDF 107 KB
To consider and provide a recommendation to Cabinet on the proposals set out in the attached Report.
Additional documents:
Minutes:
Lee Colyer, Director of Finance, Policy and Development introduced the report that provided a high-level, long term overview of how capital expenditure, capital financing and treasury management activity contributed to the provision of services. It also provided an overview on how associated risk was managed and implications for future investment sustainability. Discussion and responses to members questions included the following matters.
- The Chartered Institute for Public Finance and Accountancy (CIPFA) required all local authorities to produce a Capital Strategy Report.
- The only major change from the previous year was the inclusion of the Climate Change Emergency.
RESOLVED – That the recommendations to Cabinet set out in the Report be supported.