Decision details

Capital Programme Approvals, Treasury Management and Capital Strategies for 2025-26

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

To obtain approval for proposals for submission to Council relating to the Capital Starts Programme and the Treasury Management, Investment and Capital Strategies.

Decision:

RESOLVED to recommend to Council that it:

 

1)    Approves the new Capital Starts Programme as set out in Appendix Two, including the reallocation of existing borrowing approvals (Section 2.5 of Appendix 2), and approves the procurement and award of contracts which support the delivery of the Capital Programme. All contract awards will then be subject to approval by Executive Directors (via an Executive Director Report) under the relevant Departmental Scheme of Delegation;

 

2)    Approves the detailed Planned Asset Maintenance Programme for 2025-26 as set out in Appendix Three;

 

3)    Adopts the Treasury Management Strategy for 2025-26 as set out in Appendix Four;

 

4)    Adopts the Investment Strategy for 2025-26 as set out in Appendix Five;

 

5)    Adopts the Capital Strategy for 2025-26 set out in Appendix Six;

 

6)    Approves the changes to the Minimum Revenue Provision (MRP) policy from 1 April 2024 and adopts the Minimum Revenue Provision Statement for 2024-25 and 2025-26 set out in Appendix Seven; and

 

7)    Adopts the Flexible Use of Capital Receipts Strategy as set out in Appendix Eight / paragraph 4.7.

Report author: Heather Green

Publication date: 30/01/2025

Date of decision: 30/01/2025

Decided at meeting: 30/01/2025 - Cabinet

Effective from: 07/02/2025

Accompanying Documents: