To consider the report of the Finance Group Manager (enclosed)

Considered – Report of the Finance Group Manager, presented by Cllr. Maggie Wright, Deputy Leader and Finance, People & Performance Portfolio Holder.

To consider the report of the Finance Group Manager (enclosed)

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.

Considered – Report of the Finance Group Manager.

Other options considered: None. It is important to produce a 5-year Capital Programme as a minimum requirement of the Capital Strategy, and that the programme aligns with the Council’s Medium Term Financial Strategy.