Issue - meetings

Capital strategy

Meeting: 16/02/2023 - Council (Item 56)

56 Capital Strategy 2023/24 to 2032/33 pdf icon PDF 224 KB

Cabinet, at its meeting on 2 February 2023, considered the attached report of the head of finance on the capital strategy for 2023/24 to 2032/33.   

 

Cabinet made recommendations to council as set out below.

 

RECOMMENDATION: to

 

1.    approve the capital strategy 2023/24 to 2032/33, as set out in appendix 1 of the head of finance’s report to Cabinet on 2 February 2023; and

 

2.    agree the strategy for flexible use of capital receipts, which is contained as annex 1 of the capital strategy. 

 

Additional documents:

Minutes:

Council considered Cabinet’s recommendation, made at its meeting on 2 February 2023, on the council’s capital strategy for 2023/24 to 2032/33.

 

Cabinet had supported the strategy, noting that it was based on the council’s corporate strategy, and was linked to the council’s corporate objectives, the medium-term financial strategy, and the delivery of capital projects. 

 

Councillor Barker, Cabinet member for finance, reported that it was a requirement for the council to review its capital strategy annually and that it provided the parameters within which capital expenditure and investment decisions would be made once the supporting requirements were in place. He reported that no changes were proposed to the strategy

 

In response to a question regarding the potential risk of investing in renewable energy schemes (as experienced by other local authorities), the Cabinet member responded that it would be necessary to undertake due diligence and an analysis of the risks associated with such an investment.

 

RESOLVED: to 

 

1.    approve the capital strategy 2023/243 to 2032/33, contained in appendix one of the head of finance’s report to Cabinet on 2 February 2023; and

2.    agree the strategy for flexible use of capital receipts which is contained as annex A of the capital strategy. 

 


Meeting: 02/02/2023 - Cabinet (Item 73)

73 Capital strategy pdf icon PDF 224 KB

To consider the head of finance’s report. 

Additional documents:

Minutes:

Cabinet considered the head of finance’s report on a draft capital strategy for 2023/24 to 2032/33.  The report sought Cabinet’s agreement to recommend the capital strategy to Council. 

 

The Cabinet member for finance reported that it was a requirement for the council to review its capital strategy annually.  It provided the parameters within which capital expenditure and investment decisions would be made once the supporting requirements were in place. 

 

Cabinet noted that there were no changes proposed to the strategy.  Cabinet supported the strategy, noting that it was based on the council’s corporate strategy, and was linked to the council’s corporate objectives, the medium term financial strategy, and the delivery of capital projects. 

 

RECOMMENDED to Council to:

 

(a)    approve the capital strategy 2023/24 to 2032/33, as set out in appendix 1 of the head of finance’s report to Cabinet on 2 February 2023; and

 

(b)    agree the strategy for flexible use of capital receipts, which is contained as annex 1 of the capital strategy. 


 

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