The Committee considered a report of the Treasury Management and Capital Accountant that sought a recommendation to be made to Council that it approves:
1. The Capital Strategy as set out in the report,
2. All development and investment projects, along with all significant projects follow the previously approved business case governance process as set out in Section 11 of the report,
3. No financing sources, unless stipulated in regulations or necessary agreements, are ringfenced’
4. The Council plans to continue its use of capital receipts to fund the costs of eligible proposals (subject to full business cases for each project),
5. Financing of the Capital Programme and revenue implications as set out in Section 14 of the report; and
6. Financing of the Capital Programme being delegated to the Corporate Policy and Resources Committee to provide sufficient flexibility to allow for the most effective us of Council resources.
The Committee resolved to make a recommendation to Council to approve the Capital Strategy 2024/25.