Decision Maker: Cabinet, Full Council
Decision status: For Determination
Is Key decision?: Yes
Is subject to call in?: No
RECOMMENDED to Council:
(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 in Property) be approved including:
a) The Minimum Revenue Provision (MRP) for Debt Repayment Policy (Part II, (paragraph 1.5)
b) The investment indicators in Part II - Appendix 2 (part II, paragraph 2.5)
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 2.5):
(i) The Council's gross General Fund (GF) debt exceeds 400% of GF net service expenditure or;
(ii) Overall investment income from investment properties and long term treasury management investments exceeds 7.9% of GF net service expenditure.
(This is referred to Council and is not subject to call-in)
Report author: Julian Pike
Publication date: 11/03/2020
Date of decision: 10/03/2020
Decided at meeting: 10/03/2020 - Cabinet
Accompanying Documents: