Issue - meetings
Annual Capital Strategy
Meeting: 17/03/2020 - Full Council (Item 10.)
10. Recommendations from the Cabinet Meeting held on 10 March 2020 
PDF 484 KB
To receive and consider the attached report from Cabinet held on 10 March (recommendation to follow)
Additional documents:
- AI10 - Capital Strategy Part I Capital Expenditure and Aspirations 2019 to 2028 (appendix 1a Strategy), item 10.
PDF 1016 KB
- AI10 - Annual Capital Strategy (appendix 1b), item 10.
PDF 271 KB
- AI10 - Capital Strategy Appendix 2 (investment indicators), item 10.
PDF 45 KB
- Cabinet recommendations from 10 March 2020 for AI10 Annual Capital Strategy, item 10.
PDF 7 KB
- Agenda Item 10 - Annual Capital Strategy 2020-2030 (Amendment), item 10.
PDF 100 KB
Meeting: 10/03/2020 - Cabinet (Item 10.)
10. Annual Capital Strategy - 2020/21 - 2029/30 PDF 484 KB
The report by the Director of Finance & Resources seeks to:
• enable the City Council to adopt a long term Capital Strategy from 2020/21 onwards
• inform members and the wider community of the Council's Capital Strategy
• ensure that Members are aware of the overall strategy, governance procedures and risk appetite
• highlight the business planning inter-relationship between the Capital Strategy, Capital Programme, the Revenue Budget, the Medium Term Financial Strategy and Treasury Management
RECOMMENDED
(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
Additional documents:
- Capital Strategy Part I Capital Expenditure and Aspirations 2019 to 2028 (appendix 1a Strategy), item 10.
PDF 1016 KB
- Annual Capital Strategy (appendix 1b), item 10.
PDF 271 KB
- Capital Strategy Appendix 2 (investment indicators), item 10.
PDF 45 KB
Decision:
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)