Agenda item

To consider the report of the Cabinet Member for Finance and Change detailing the General Fund Capital Programme 2023/24 to 2028/29.

DECISION MADE: (CAB 23/24 43665)

On consideration of the report of the Cabinet Member for Finance and Change, Cabinet approved the following:

(i)  Recommend to Council the Capital Strategy, as detailed in Appendix 1.

(ii)  Recommend to Council the Minimum Revenue Provision (MRP) Strategy as detailed in Appendix 2.

(iii)  Recommend to Council the Non-Treasury Investment Strategy as detailed in Appendix 3.

(iv)  Recommend to Council the Treasury Management Strategy as detailed in Appendix 4.

(v)  Recommend to Council the Flexible Use of Capital Receipts Strategy as detailed in Appendix 5.

(vi)  Recommend to Council the revised fully funded General Fund Capital Programme, that totals £264.81M (as detailed in paragraphs 18 to 21) and the associated use of resources.

(vii)  Recommend to Council the addition of £31.09M to the General Fund programme, with approval to spend. These additions are detailed in paragraphs 24 to 48 and Appendix 7.

(viii)  Recommend to Council the removal of schemes from the capital programme totalling £2.18M, set out in paragraphs 40 and 48 and detailed in Appendix 7.

(ix)  Recommend to Council the approval to spend £39.66M for the SEND Expansion Programme, as set out in paragraph 32.

(x)  Recommend to Council the approval to spend £27.03M for the Outdoor Sports Centre, as set out in paragraph 37.