Decision - FINAL CAPITAL STRATEGY 2019/20 - 2024/25

Decision details

FINAL CAPITAL STRATEGY 2019/20 - 2024/25

Decision Maker: Executive

Decision status: For Determination

Is Key decision?: No

Is subject to call in?: No

Decision:

The Leader commented that the National Audit Office (NAO) had publically criticised local authorities for their level of investment in commercial property.   She considered that such activity had been necessitated by the continual reduction in local government funding, and advised that the District Councils Network would be sending a robust reply to the NAO on this matter.

 

It was RESOLVED that the following proposals be recommended to Council on 26 February 2020:

 

1.         That the final 2020/21 General Fund Capital Programme, as summarised in the report, be approved.

2.         That the final 2020/21 HRA Capital Programme, as summarised in the report, be approved.

 

3.         That the updated forecast of resources, as summarised in the report, be approved.

 

4.         That the Council’s investment strategy for non-treasury assets, as set out in Section 3.2 of the report, be approved.

 

5.         That the approach to resourcing the General Fund capital programme, as outlined in the report, be approved.

 

6.         That the actions required to ensure the General Fund programme is funded, as outlined in Paragraphs 4.9.3-4.9.9 of the report, be noted.

 

7.         That the approach and progress on Locality Reviews and the target to realise receipts for 2020/21 be noted.

 

8.         That the growth bids now included in the Capital Strategy be approved.

 

9.         That the return of Right to Buy one for one receipts, as outlined in Section 4.14 of the report, be noted.

 

10.      That the 2020/21 de-minimis expenditure limit (Section 4.15 of the report) be approved.

 

11.      That the 2020/21 contingency allowance (Section 4.16 of the report) be approved.

 

12.      That the work undertaken by Leader’s Financial Security Group (LFSG) on behalf of the Executive in reviewing and challenging the General Fund Capital Strategy be noted.

 

Reason for Decision:  As contained in report.

Other Options considered:  As contained in report.

 

Publication date: 12/02/2020

Date of decision: 12/02/2020

Decided at meeting: 12/02/2020 - Executive

Accompanying Documents: