Decision Maker: Executive, Council
Is Key decision?: Yes
Is subject to call in?: Yes
To consider and recommend approval of the Capital and Investment Strategy 2025-26 to 2029-30.
Decision:
1. Noted the comments arising from the meeting of the Resources Overview and Scrutiny meeting on 21 January 2025.
2. Recommended the following to Council
(at its Budget Meeting on 5 February 2025):
(1) That the updated capital programme set out in Appendix 1 is approved.
(2) That the proposed treatment of the new capital bids as set out in paragraphs 6.9 to 6.16 are approved.
Reason(s):
1. The financing of the approved Capital Budget has direct implications on borrowing costs within the General Fund revenue budget and other funding sources such as Reserves and Balances.
2. Setting a balanced budget is a statutory requirement.
Other options considered and rejected by the Committee:
None.
Details of any conflict of interest declared by the Leader or lead councillors and any dispensation granted:
None.
Report author: Richard Bates
Publication date: 24/01/2025
Date of decision: 23/01/2025
Decided at meeting: 23/01/2025 - Executive
Effective from: 01/02/2025
Accompanying Documents: