Report by Director of Finance

Further to Minute 74 of the Policy Committee held on 14 February 2022, the Director of Finance submitted a report on the Capital Strategy, which was attached as an Appendix, and provided an overview of where and how the Council intended to deploy its capital resources to support the delivery of the strategic aims set out in the Corporate Plan.  The Capital Strategy should be read in conjunction with other strategic documents such as the Medium Term Financial Plan, Treasury Management Strategy, Asset Management Strategy, Corporate Investment Strategy and Carbon Reduction Strategy.

The report had been prepared with reference to the following documents:

·     CIPFA Code of Practice for Treasury Management in the Public Services 2017

·     CIPFA The Prudential Code 2017

·     MHCLG guidance February 2018

The following motion was moved by Councillor Brock and seconded by Councillor Ennis and CARRIED:

Resolved -

(1)           That the Capital Strategy 2022/23, as attached at Appendix 1 to the report, be approved;

(2)      That the updated Action Plan that forms Appendix C of the Capital Strategy (Appendix 1) be noted, together with the associated financial implications.