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: