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:
a) 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:
a) The Minimum Revenue Provision (MRP) for Debt Repayment Policy (Part II, (paragraph 2.5)
b) The investment indicators in Part II - Appendix 2 (Part II, paragraph 3.5) Link Asset Services 4
c) 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):
(i) The Council's gross General Fund (GF) debt exceeds 500% of GF net service expenditure or;
(ii)Overall investment income and long-term treasury management investments exceeds 15.4% of GF net service expenditure.
Report author: Chris Ward
Publication date: 08/03/2023
Date of decision: 07/03/2023
Decided at meeting: 07/03/2023 - Cabinet