Decision details

Capital Strategy Report March 2023

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

Accompanying Documents: