Decision details

Budget Matter - June 2022

Decision Maker: Cabinet

Decision status: Recommendations approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

To consider any key financial decisions of a capital or revenue nature.

Decision:

To Delegate authority to the Executive Director – Finance and Commercialism, to decide on whether purchase or lease arrangements offer the best value for money for procuring council fleet vehicles. This delegation will be exercised following consideration of a business case and after consultation with the Executive Director of Communities, Culture and Homes and the Cabinet Member for Finance and Change.

Reasons for the decision:

To ensure the Council obtains the best value for money when acquiring vehicles or any other asset, based on reviewing the options of lease or direct purchase.

Alternative options considered:

Not considering the option of leasing vehicles would rule out a route that may provide enhanced value for money and greater operational efficiency.

Report author: Steve Harrison (Finance)

Publication date: 14/06/2022

Date of decision: 14/06/2022

Decided at meeting: 14/06/2022 - Cabinet

Effective from: 23/06/2022

Accompanying Documents: