To seek
approval of the capital strategy principles, capital funding
projection and capital programme 2024/25 as proposed, and to note
that this would set a prudential borrowing limit of £369.1
million over the period of the programme which will be recommended
to Council as part of the Treasury Management Strategy for
2024/25.
The
approved capital programme is not approval to spend. Prior to any
capital commitment being entered into, a detailed report setting
out a full project appraisal and detailed financial projections is
considered by the relevant service committee, which will need to
include the costs of borrowing.
Decision type: Key
Reason Key: Expenditure > £250,000;
Decision status: Recommendations Approved
Wards affected: (All Wards);
Decision due: 24 Jan 2024 by Cabinet
Lead member: Cabinet Member for Corporate Services.
Lead director: Director of Finance and Business Improvement