Issue - meetings

Background:

This report introduced the Council’s Capital Strategy, which was attached at Appendix 1 to the report and set out the Council’s priorities for capital investment to deliver its strategic aims and the process for formulating the capital programme.

The strategy had been prepared with regard to the updated CIPFA Prudential Code and sought to detail the framework within which decisions would be made in respect of capital expenditure and funding, and the principles to which the Council adhered to, in the context of the current capital budget.  The current Capital Programme to 2023 totalled £295.9million.

Diversity Impact Assessments would be undertaken and reported to Members as part of the budget and service planning process.

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.