Agenda item

Capital Investment Strategy 2022-2032

(Report CAB3332 refers)

Extract of draft minute of Cabinet to follow

RECOMMENDED:

That Cabinet recommends to Council :-

1.            The Capital Investment Strategy be approved including:

·         the Capital Programme and Capital Programme Financing (Appendices A and B to the report);

·         the Minimum Revenue Provision (MRP) Policy Statement (Appendix E);

·         the Flexible Use of Capital Receipts Strategy (Appendix G); and

·         the prudential indicators detailed in the report and its appendices.

1.            The Capital Investment Strategy be approved including:

a)    the Capital Programme and Capital Programme Financing (Appendices A and B to report CAB3332);

b)    the Minimum Revenue Provision (MRP) Policy Statement (Appendix E);

c)    the Flexible Use of Capital Receipts Strategy (Appendix G); and

d)    the prudential indicators detailed in the report and its appendices.

Councillors Fern and Isaacs left the meeting before consideration of the item.

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

Council noted that that the corresponding recommended minute of Cabinet held 17 February 2022 was included with the supplementary agenda after the statutory deadline. The Deputy Mayor agreed to accept the recommended minute onto the agenda, because of the urgent need for Council to consider this alongside Report CAB3332.

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

RESOLVED:

That the recommended minute of Cabinet held 17 February 2022 (as follows) be approved and adopted:

The Capital Investment Strategy be approved including:

·         the Capital Programme and Capital Programme Financing (Appendices A and B to the report);

·         the Minimum Revenue Provision (MRP) Policy Statement (Appendix E to the report);

·         the Flexible Use of Capital Receipts Strategy (Appendix G to the report); and

·         the prudential indicators detailed in the report and its appendices