Issue - meetings

RECOMMENDED:     That the Capital Strategy 2023/2024 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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The Assistant Director Resources and S151 Officer presented the Capital Strategy which 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 would 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 related began.

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, Councillor Morley drew attention to the projected and actual spend levels in the capital programme and suggested that the project team should re-assess their projections.  Councillor Blunt confirmed that this was happening and changes would be seen.

RECOMMENDED:     That the Capital Strategy 2023/2024 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).