Issue - meetings

This report gives a high level overview of how capital expenditure and capital financing contribute to the provision of services, along with an overview of how associated risk is managed.

Recommended:

                   i.        That Council approve the capital and investment strategy at annex A.

Reason:    To meet the Council’s  statutory obligation to comply with the Prudential Code 2017.

The Chief Finance Officer introduced the report and noted that there were no significant changes to highlight from the previous year. She outlined a correction to Annex A of the report, that the Housing Revenue Account’s structural maintenance of existing stock budget within its capital programme  over the period 2024/25 to 2028/29 should be noted as £56.3m not £563m.

Resolved:

                      i.         That Council approve the capital and investment strategy at annex A.

Reason:    To meet the Council’s  statutory obligation to comply with the Prudential Code 2017.