Issue - meetings

Report of the Cabinet Member for Finance and Change seeking approval of the Flexible Capital Receipts Strategy.

RESOLVED:

(i)  To approve the Flexible Use of Capital Receipts Strategy for 2022-23, as set out in Appendix 1 and comply with the Secretary of State’s Direction for the use of capital receipts to fund service reform and transformation;

(ii)  To approve an increase in the capital programme budget for 2022-23 of £1.20m, to reflect the capitalisation of the transformation activities to be funded by capital receipts under the Flexible Use of Capital Receipts Strategy, as set out at Appendix 1 of the report.