Decision

Cabinet
 

1.    
Will recommend to Council for
consideration and approval the 2025/26 Capital programme of £324m and
£1,138m over the full five-year period from 2025/26 to
2029/30.
 

2.    
Will recommend to Council for
consideration and approval the new capital projects
being added to the capital programme for 2025/26 as set out in
section 2.3 of this report.
 

3.    
Noted any
additional capital needs over and above what is specified in the
capital programme for the relevant year will require separate
business cases and be agreed by the Strategic Director of Resources
(S151 Officer), Capital Strategy manager and Council Members as
required and appropriate before being agreed by full
Council.
 

4.    
Noted that the
Chief Financial Officer be authorised to allocate funding from the
Capital Contingency included within the draft Capital
Programme.
 

5.    
Noted that
externally funded schemes can be added to the capital programme up
to £500k as and when funding is confirmed.
 

6.    
Approved the
capital strategy contained within this report noting its impact on
both the capital programme and the
financial implications for setting the revenue budget for
2025/26 to 2029/30.
 

7.    
Noted the
capital prudential indicators included within the capital strategy
when approving the capital programme to ensure
affordability.
 

8.    
Approved the
Minimum Revenue Provision Policy Statement (section 9 of this
report) which determines the amount of money set aside each year
for the repayment of debt
 

9.    
Agreed that
the Strategic Director of Resources be authorised to re-profile
capital budgets mid-year based on the updated forecasts provided by
services and reported to the Executive Leadership Team as part of
the capital monitoring process. This will assist in producing more
accurate information for treasury management purposes