Decision Maker: Executive, Council

Outcome:

Is Key Decision?: Yes

Is Callable In?: Yes

Date of Decision: January 23, 2025

Purpose: To consider and recommend approval of the Capital and Investment Strategy 2025-26 to 2029-30.

Content: Decision: 1.       Noted the comments arising from the meeting of the Resources Overview and Scrutiny meeting on 21 January 2025. 2.       Recommended the following to Council (at its Budget Meeting on 5 February 2025): (1)  That the updated capital programme set out in Appendix 1 is approved. (2)  That the proposed treatment of the new capital bids as set out in paragraphs 6.9 to 6.16 are approved. Reason(s): 1.       The financing of the approved Capital Budget has direct implications on borrowing costs within the General Fund revenue budget and other funding sources such as Reserves and Balances. 2.     Setting a balanced budget is a statutory requirement. Other options considered and rejected by the Committee: None. Details of any conflict of interest declared by the Leader or lead councillors and any dispensation granted: None.