Decision Maker: Cabinet, Full Council
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: No
1. That Part I of the Capital Strategy (Capital Expenditure and Aspirations) be approved including:
i. The Short / Medium / Long-term Aspirations set out in Appendix 1.
2. That Part II of the Capital Strategy (Borrowing and Investing) be approved including:
i. The Minimum Revenue Provision (MRP) for Debt Repayment Policy (Part II, (paragraph 2.5)
ii. The investment indicators in Part II - Appendix 2 (Part II, paragraph 3.5)
iii. That the Director of Finance and Resources (Section 151 Officer) will bring a report to the next Cabinet and City Council if (Part II, paragraph 3.5):
a. The Council's gross General Fund (GF) debt exceeds 500% of GF net service expenditure or;
b. Overall investment income from investment properties and long term treasury management investments exceeds 7.5% of GF net service expenditure.
Report author: Chris Ward
Publication date: 25/03/2022
Date of decision: 08/03/2022
Decided at meeting: 08/03/2022 - Cabinet
Accompanying Documents: