Issue - meetings

(NOTE: A copy of the report that was considered by the Strategy and Resources Committee held on 3^rd February 2020 is attached).

Council considered the 10 Year Capital Strategy 2020-2030 report to the Strategy and Resources Committee on 3 February 2020 (circulated previously).

Report by Chief Financial Officer (attached).

The Committee considered a report by Chief Financial Officer (circulated previously) regarding the 10 Year Capital Strategy 2020 to 2030.

The Head of Resources highlighted the following:

·         Prior to 2019, the Council only reviewed capital expenditure and financing over a short period of 2-3 years.   The revised Prudential and Treasury Management code required all local authorities to prepare a Capital Strategy.

·         The capital strategy document covered the ten year period from 2020 to 2030 and would be reviewed annually by Full Council prior to each financial year.

·         The Council’s Capital Project Governance and appraisal process as detailed in paragraph 4.3 of the report.

·         The Capital Strategy for years 2020/21 to 2023/24 (Medium Term) as detailed in paragraph 4.4 of the report.

·         The Capital Strategy for years 2024/25 to 2029/30 (Long Term) as detailed in paragraph 4.5 of the report.

·         The Watersports Centre potential funding bid had not been included in the Strategy and would be presented to a future Committee.