Issue - meetings

RECOMMENDED:     That the Capital Strategy 2021/22 as attached to the report be approved.

Reason for Decision

Not to approve these policies would contravene the requirements of both legislation and good practice. In addition, the external auditors may comment in their report to those charged with governance (ISA260).

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Cabinet considered a report which explained that the Capital Strategy outlined the principles and framework that shaped the Council’s capital decisions. The principal aim was to deliver a programme of capital investment that contributed to the achievement of the Council’s priorities and objectives as set out in the Corporate Plan.

The Capital Strategy needed to be updated annually and would be put before Cabinet alongside the Treasury Management Strategy so that it could be approved before the year to which it relates begins.

The Strategy defined at the highest level how the capital programme was to be formulated; it identified the issues and options that influenced capital spending and set out how the resources and capital programme would be managed.

Under standing order 34 Councillors Morley, Rust and Ryves  asked questions and responses were given.

It was agreed that in the future when business had returned to normal, a training session for all members would be included on the Capital Strategy.

RECOMMENDED:             That the Capital Strategy 2021/22 as attached to the report be approved.

Reason for Decision

Not to approve these policies would contravene the requirements of both legislation and good practice. In addition, the external auditors may comment in their report to those charged with governance (ISA260).