Issue - meetings

To receive and consider report 103/09 of the Head of Finance (attached).

(Time: 3.08pm to 3.09pm)

The Executive received and considered report 103/09 of the Head of Finance.  The report asked the Executive to recommend the Council to adopt the capital strategy for 2010/11 to 2014/15.  This provided the framework for capital investment, bringing together the requirements of the council’s strategic objectives and clarifying the parameters on how capital schemes could be progressed. 

The portfolio holder for finance recommended the strategy’s adoption.  The Executive welcomed the capital strategy and recommended its adoption to the Council, noting that a review would be undertaken annually. 

R E C O M M E N D E D

that the capital strategy 2010/11 to 2014/15 be approved, as attached as Appendix B to these minutes, and that the Council be asked to note paragraph 21 where the £5M minimum capital cash fund is set down and bears this in mind as the council runs capital receipts ever lower.