The Head of Financial Services submitted a report to Cabinet on 10 February 2021to present the Capital Strategy for approval.

The Cabinet decisions will be reported in the briefing note. Cllr Turner, the Cabinet Member for Finance and Asset Management, will present the report and propose Cabinet’s recommendations.

Recommendations: Cabinet recommends subject to decisions at their meeting on 10 February that Council resolves to approve the Capital Strategy attached at Appendix A of the report.

Council considered the report of the Head of Financial Services presenting the Capital Strategy for approval.

Cllr Turner, the Cabinet Member for Finance and Asset Management, presented the report, answered questions and proposed the recommendations.

Cllr Simmons proposed and Cllr Turner accepted an amendment to also delegate authority to the Head of Finance, in consultation with the Cabinet Member, to make changes to the target in para 6.3.3 to align the capital strategy to those in the Council’s net zero carbon strategy. Cllr Turner made a further amendment to include delegation of other minor amendments as may be necessary to amend the targets in the strategy to align with those agreed by the Council.

The recommendations as amended were agreed on being seconded and put to the vote.

Council resolved to approve the Capital Strategy 2021/22 to 2024/25 attached at Appendix A of the report and to delegate authority to the Head of Finance, in consultation with the Cabinet Member for Finance and Asset Management, to make changes to the target in para 6.3.3 to align the capital strategy to those in the Council’s net zero carbon strategy and to make any other minor amendments that may be necessary.

The Head of Financial Services has submitted a report to present the Capital Strategy for approval.

Recommendations:That Cabinet resolves to:

1.    Recommend that Council approves:

The Capital Strategy attached at Appendix A

The Head of Financial Services had submitted a report to present the Capital Strategy for approval.

Councillor Ed Turner, Cabinet Member for Finance & Asset Management, introduced the report which set out a clear summary of the processes involved and which should, in turn, provide a robust route from inception to delivery of capital projects.

Cabinet resolved to:

1.         Recommend that Council approves:

The Capital Strategy attached at Appendix A of the report.