Issue - meetings

Key Decision

Portfolio Holder

Councillor David Martin – Portfolio Holder for Finance, Revenues and Benefits

RESOLVED that

a)    the content of the Capital Strategy (CS) for 2022/23 including Annexes 1 to 3, as appended to the report, be received and noted;

b)    Council be recommended to approve the following:-

·       Capital Strategy

·       Commercial Property Investment Strategy

·       Commercial Property Indicators.

Cabinet considered the Council’s proposed Capital Strategy prepared in accordance with the Chartered Institute Public Finance and Accountancy

(CIPFA) Prudential Code for Capital Finance in Local Authorities.

As it is a requirement of the CIPFA Prudential Code for all Local Authorities to

have a Capital Strategy and a requirement of DLUHC Statutory Guidance on

Local Government Investments to have an Investment Strategy covering non

treasury management investments, Members did not have any alternative

options to consider.

RESOLVED that

a)    the content of the Capital Strategy (CS) for 2022/23 including Annexes 1 to 3, as appended to the report, be received and noted;

b)    Council be recommended to approve the following:-

·         Capital Strategy

·         Commercial Property Investment Strategy

·         Commercial Property Indicators.

Reasons:

1.    It is a requirement of the CIPFA Prudential Code for all Local Authorities to have a Capital Strategy approved by Council.

2.    DLUHC Statutory Guidance on Local Government Investments require that the Council has an Investment Strategy that covers non-treasury management investments and includes quantitative indicators approved by Council.