Decision details

Decision:

Subject to Council approving the budget on 8 February 2023:

1)    That the £500,000 allocated in respect of the Bus Station relocation scheme (Scheme no. P17 (p)) be removed from the provisional capital programme.

2)    That the new bids, as shown in paragraph 4.13 of this report be approved for inclusion in the capital programme as indicated.

Recommended to Council on 8 February:

1)    That the General Fund and HRA capital estimates, as shown in appendices 2 and 3, as amended to include such bids as may be approved by the Executive at its meeting on 26 January 2023, be approved

2)    That the Minimum Revenue Provision policy, referred to in section 5 of this report, be approved.

3)    That the capital and investment strategy be approved, specifically the investment strategy and Prudential Indicators contained within the report and in Appendix 1.

4)    That the updated flexible use of capital receipts policy at Appendix 8 be approved.

Reason(s):

·         To enable the Council to approve the capital and investment strategy for 2023-24 to 2027-28

·         To enable the Council, at its budget meeting on 8 February 2023, to approve the funding required for the new capital schemes propose

Other options considered and rejected by the Executive:

None.

Details of any conflict of interest declared by the Leader or lead councillors and any dispensation granted:

None.