MAIDSTONE BOROUGH COUNCIL
RECORD OF DECISION OF THE Policy and Resources Committee
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Decision Made: |
18 January 2017 |
Report of the Director of Finance and Business Improvement - Medium Term Financial Strategy 2017/18 Onwards - Capital Programme
Issue for Decision
To determine the strategy for developing the future capital programme, for 2017/18 onwards, as part of the consideration of the medium term financial strategy.
Decision Made
That:
1.
The strategy’s principles as set out in paragraphs 2.5 to 2.10 of the
report of the Director of Finance and Business Improvement be agreed;
2.
The capital funding projection as set out in Appendix B to the report of
the Director of Finance and Business Improvement be agreed;
3.
The capital programme 2017/18 onwards, as set out in Appendix C to the
report of the Director of Finance and Business Improvement, be agreed;
4.
In agreeing to recommendations 2 and 3 above, prudential borrowing limit
of £29,002,870 over the period of the programme be noted, which will be
recommended to Council as part of the Treasury Management Strategy 2017/18 by
the Audit, Governance and Standards Committee;
5. The Section 106 contributions be reported as part of the Quarterly Budget Monitoring Report.
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Should you wish to refer this decision to Council, please submit a Decision Referral Form, signed by five Councillors, to the Head of Policy and Communications by: 27 January 2017 |