Issue - meetings
Annual Capital Strategy 2024/25
Meeting: 25/01/2024 - Audit and Governance Committee (Item 257)
257 Annual Capital Strategy 2024/25 
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Purpose
The Council is required to approve a Capital Strategy for 2024/25 before 1 April 2024.
The Capital Strategy 2024/25 (Appendix 1) is in accordance with CIPFA’s “Prudential Code” and the “Treasury Management Code of Practice” 2021 and the former Ministry, Housing, Communities and Local Government (MHCLG) guidance on Local Government Investments
Recommendation
That the Audit and Governance Committee resolves to:
1. Consider the draft Capital Strategy for 2024/25 and provides feedback to the Cabinet and Council for consideration as part of the Council’s budget setting process.
Additional documents:
Minutes:
The Deputy Chief Executive introduced the item. The Council was required to approve a Capital Strategy for 2024/25 before 1 April 2024. The purpose was for the Committee to consider the draft Capital Strategy for 2024/25 and provide feedback to the Cabinet and Council for consideration as part of the Council’s budget setting process.
The Deputy Chief Executive explained that the purpose of the Capital Strategy was to enable spending on the Council’s priorities.
Members discussed the priorities in the strategy which the Deputy Leader confirmed were aligned with the Council’s new Corporate Plan.
RESOLVED: To NOTE the strategy.