Agenda item

RECOMMENDED:

1.            THE CAPITAL PROGRAMME AND CAPITAL PROGRAMME FINANCING (APPENDICES A AND B TO THE REPORT) BE APPROVED.

2.            THE MINIMUM REVENUE PROVISION (MRP) POLICY STATEMENT (APPENDIX E) BE APPROVED.

3.            THE PRUDENTIAL INDICATORS DETAILED IN THE REPORT AND ITS APPENDICES BE APPROVED.

4.            THAT THE COUNCIL MAY NEED TO INCREASE ITS EXTERNAL BORROWING IN 2020/21 SUBJECT TO DELIVERY OF THE PROPOSED CAPITAL PROGRAMME.

(CAB3209)

Councillor Cutler (Deputy Leader and Cabinet Member for Finance and Risk), moved that the recommended minute be approved and adopted (seconded by Councillor Learney, Cabinet Member for Asset Management and Housing).

Council proceeded to ask questions and debate the matters in the report and recommended minute.

RESOLVED:

That the recommended minute of Cabinet  held 12 February 2020 (as follows) be approved and adopted:

1.            The Capital Programme and Capital Programme Financing (Appendices A and B to the Report) be approved.

2.            The Minimum Revenue Provision (MRP) Policy Statement (Appendix E) be approved.

3.            The Prudential Indicators Detailed in the Report and its Appendices be approved.

4.            That the Council may need to increase its external borrowing in 2020/21 subject to delivery of the proposed Capital Programme.