Decision details

5 Year Capital Programme 2023/24 to 2027/28

Decision Maker: Cabinet Executive

Decision status: Recommendations approved

Is Key decision?: No

Is subject to call in?: No

Purpose:

This report sets out the Council’s proposed Capital Programme and resources for the next five financial years commencing in 2023/24. The report also presents the Council’s updated Capital Strategy, which is a requirement of the 2017 Prudential Code.

Decision:

RECOMMENDATIONS TO COUNCIL

 

1.    That the 5 Year Capital Programme for 2023/24 to 2027/28 be approved.

 

2.    That the application of capital resources of £3,618,500 for 2023/24,

including a borrowing requirement of £2,295,500, be approved.

 

3.    That the Capital Strategy 2023/24 to 2027/28 be approved

 

Reasons:

 

1.    To obtain approval for the proposed level of capital expenditure in 2023/24 and the suggested method of financing that expenditure.

 

2.    To provide a longer term forecast of capital expenditure and financing requirements for the period 2023/24 to 2027/28.

 

3.    To ensure compliance with the Prudential Code.

Report author: Nick Brown

Publication date: 20/02/2023

Date of decision: 20/02/2023

Decided at meeting: 20/02/2023 - Cabinet Executive

Accompanying Documents: