Decision details

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.