Issue - meetings

Background:

This report outlined the Capital Strategy, which sets out how the Council determined its priorities for capital investment and the process for formulating the capital programme. It also presented opportunities for future funding and the arrangements in place for preparing the capital programme for future years.

The Strategy had been formulated with regard to the CIPFA’s Prudential Code and should be viewed in conjunction with the Council’s Medium Term Financial Strategy and the Council Plan, to integrate budget setting with service planning and ensure that priorities and funding were matched.

Reasons:

The Capital Strategy sets out how the Council sets its priorities for capital investment and the process for formulating the capital programme, and is therefore an important part of the framework underpinning the budget setting process.