Decision details

This report sets out the council’s proposed strategy in relation to capital expenditure, financing and treasury management in 2020/21 to be approved by the Director of Corporate Services. The report also sets out the Prudential Indicators for capital expenditure to be approved.

DECISIONS:

1.        That the 2020/21 Capital Strategy, including the Prudential Indicators, set out in the appendix to the report be approved.

REASON FOR DECISION:

a)    The Council must have regard to both CIPFA’s Prudential Code for Capital Finance in Local Authorities and the Ministry for Housing Communities and Local Government Investment Guidance when carrying out its duties under Part 1 of the Local Government Act 2003.

b)    The Council is required to approve a Capital Strategy for the forthcoming year.