Issue - meetings

The Board considered a report of the Operational Director – Finance, on the Council’s Capital Strategy for 2024/25.

It was reported that all councils were required to produce a Capital Strategy annually, the aim of which was to ensure that the Council understood the overall long-term policy objectives and resulting capital strategy requirements, governance procedures and risk appetite.

          Members were advised that the Capital Strategy should be read in conjunction with the Treasury Management Strategy Statement, included on the same agenda; this detailed the expected activities of the treasury management function and incorporated the Annual Investment Strategy (AIS) and the Minimum Revenue Provision (MRP) policy for 2024/25.  It was noted that the successful delivery of the Capital Strategy would assist the Council in planning and funding its capital expenditure over the next three years.

            RESOLVED: That Council be recommended to approve the 2024/25

  Capital Strategy, as presented in the Appendix attached to the report.