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Decision details

Report of the Head of Finance and Resources - Medium Term Financial Strategy 2016-17 Onwards - Capital Programme

Decision Maker: Policy and Resources Committee

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes

Purpose:

To consider and approve the amount and allocation of capital resources for the delivery of the objectives of the strategic plan and other key strategies.

Decision:

1)  That the strategy’s principles, as set out in paragraphs 2.7 to 2.12 to the report of the Head of Finance and Resources, with the following amendment to paragraph 2.12 b): delete the words “Cabinet Member for Corporate Services” and insert in place of those words “Policy and Resources Committee” be agreed;

2)  That the capital funding projection, as set out in Appendix B to the report of the Head of Finance and Resources, be agreed;

3)  That the capital programme 2016/17 onwards, as set out in Appendix C to the report of the Head of Finance and Resources, be agreed; and

4)  That in agreeing recommendations 2 and 3 above, the Committee noted that it would set a prudential borrowing limit of £38,475,000 over the period of the programme which would be recommended to Council as part of the Treasury Management Strategy 2016/17 by the Audit, Governance and Standards Committee.  

 

Wards Affected: (All Wards);

Contact: Paul Riley 01622 602396 Email: paulriley@maidstone.gov.uk.

Report author: Paul Riley

Publication date: 04/02/2016

Date of decision: 27/01/2016

Decided: 27/01/2016 - Policy and Resources Committee

Effective from: 12/02/2016

Accompanying Documents: