Purpose

To obtain
approval for proposals for submission to Council relating to the
Capital Starts Programme and the Treasury Management, Investment
and Capital Strategies.

Decision

RESOLVED to
recommend to Council that it:

 

1)   
Approves the new Capital Starts
Programme as set out in Appendix Two, including the reallocation of
existing borrowing approvals (Section 2.5 of Appendix 2), and
approves the procurement and award of contracts which support the
delivery of the Capital Programme. All contract awards will then be
subject to approval by Executive Directors (via an Executive
Director Report) under the relevant Departmental Scheme of
Delegation;

 

2)   
Approves the detailed Planned Asset
Maintenance Programme for 2025-26 as set out in Appendix
Three;

 

3)   
Adopts the Treasury Management
Strategy for 2025-26 as set out in Appendix Four;

 

4)   
Adopts the Investment Strategy for
2025-26 as set out in Appendix Five;

 

5)   
Adopts the Capital Strategy for
2025-26 set out in Appendix Six;

 

6)   
Approves the changes to the Minimum
Revenue Provision (MRP) policy from 1 April 2024 and adopts the
Minimum Revenue Provision Statement for 2024-25 and 2025-26 set out
in Appendix Seven; and

 

7)   
Adopts the Flexible Use of Capital
Receipts Strategy as set out in Appendix Eight / paragraph
4.7.