The Executive RESOLVED to recommend the Capital Strategy for 2020/2021, incorporating the Treasury Management Strategy and Property Investment Strategy, to Council for approval.
Reason: The Council has to comply with The Prudential Code for Capital Finance in Local Authorities (the Code) issued by CIPFA which requires local authorities to determine capital expenditure and investment decisions that are affordable, prudent and sustainable, and to set limits on the amount they can afford to borrow in the context of capital planning. This requires effective strategic planning and a decision making framework that is provided by the Capital Strategy.
[This matter is recommended to Council for decision and is not subject to the call-in procedure.]