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Decision details

Report of the Director of Finance and Business Improvement - Medium Term Financial Strategy 2017/18 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 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:

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.

Contact: Mark Green mark green - Email: markgreen@maidstone.gov.uk, 2297 Email: markgreen@maidstone.gov.uk.

Report author: Mark Green

Publication date: 20/01/2017

Date of decision: 18/01/2017

Decided: 18/01/2017 - Policy and Resources Committee

Effective from: 28/01/2017

Accompanying Documents: