Issue - decisions

Capital Strategy 2022/23-2031/32

25/03/2022 - Capital Strategy 2022/23-2031/32

1.    That Part I of the Capital Strategy (Capital Expenditure and Aspirations) be approved including:

               i.         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:

               i.         The Minimum Revenue Provision (MRP) for Debt Repayment Policy (Part II, (paragraph 2.5)

              ii.         The investment indicators in Part II - Appendix 2 (Part II, paragraph 3.5)

             iii.         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):

a.    The Council's gross General Fund (GF) debt exceeds 500% of GF net service expenditure or;

b.    Overall investment income from investment properties and long term treasury management investments exceeds 7.5% of GF net service expenditure.