Issue - meetings
Medium Term Financial Strategy 2016-17 Onwards - Capital
Meeting: 27/01/2016 - Policy and Resources Committee (Item 147)
Additional documents:
- APPENDIXACURRENTCAPITALPROGRAMME, item 147
PDF 54 KB
- Appendix B Capital, item 147
PDF 9 KB
- Appendix C Capital, item 147
PDF 26 KB
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.
Minutes:
Members considered the report of the Head of Finance and Resources relating to the Medium Term Financial Strategy 2016/17 Onwards – Capital Programme which dealt with the amount and allocation of capital resources for the delivery of the objectives of the strategic plan and other key strategies.
RESOLVED:
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.
Voting: For: 14 Against: 0 Abstentions: 0