Issue - meetings

Consideration was given to a report of the Director of Finance which set out the Capital Strategy for 2019/20 to 2023/24 and thereby the proposed 2019/20 capital programme, including identified capital investment priorities, together with the indicative capital programme for 2020/21 to 2023/24, having regard to the resources available over the life of the programme.

The proposed Capital Strategy and programme for 2019/20 to 2023/24 took the essential elements of the 2018/22 and previous years’ strategies and programmes and moved them forward in the context of the financial and political environment for 2019/20.

In accordance with CIPFA guidance, the Strategy was presented so that it provided:

·               A high-level long term overview of how capital expenditure, capital financing and

·               treasury management activity contribute to the provision of services

·               An overview of how the associated risk is managed

·               The implications for future financial sustainability

The Cabinet Member for Finance and Corporate Resources, and the Director of Finance presented the report.

The Select Committee noted the priorities as set out in the report.

RESOLVED that:

1.     The Capital Strategy for 2019/20 to 2023/24 at Appendix 1 of this report and summarised at section 2.1 be noted and accepted.

2.     The capital programme for 2019/20 and indicative programmes for 2020/21 to 2023/24 at Annex C of Appendix 1 and summarised at section 2.2 to 2.6 of this report be noted and accepted.