Meeting documents

To consider this report.

The Committee considered this report that set out the Council’s proposed Capital Strategy provided an overview of Capital Expenditure, Capital Financing and Treasury Management. It also contained details of a non-Treasury investment proposal, designed to produce a positive net revenue income stream for the Council.

It was explained that reporting the Capital Strategy was a new requirement for 2019/20. The Strategy offered a high-level overview of how capital expenditure, capital financing and treasury management activity would contribute to the provision of services, with an overview of how associated risk would be managed and the implications for future financial sustainability.

The report provided detail of proposed non-treasury investments, as Government financial support declined, the Council intended to explore investing in non-treasury investment options purely or mainly for financial gain. The Committee noted a sum of £100m had been earmarked in the Capital Programme and identified for this purpose pending the appropriate strategy and governance being put in place.

It was also stated that the report provided details on the treasury management prudential indicators in respect of external debt and the capital financing requirement in addition to the authorised limit and operational boundary for external debt. Also, the prudential indicators for the proportion of financing costs to net revenue and the investments for service purposes and for commercial activities were noted.

The report was accepted.

The Committee considered this report that set out the Council’s proposed Capital Strategy provided an overview of Capital Expenditure, Capital Financing and Treasury Management. It also contained details of a non-Treasury investment proposal, designed to produce a positive net revenue income stream for the Council.

It was explained that reporting the Capital Strategy was a new requirement for 2019/20. The Strategy offered a high-level overview of how capital expenditure, capital financing and treasury management activity would contribute to the provision of services, with an overview of how associated risk would be managed and the implications for future financial sustainability.

The report provided detail of proposed non-treasury investments, as Government financial support declined, the Council intended to explore investing in non-treasury investment options purely or mainly for financial gain. The Committee noted a sum of £100m had been earmarked in the Capital Programme and identified for this purpose pending the appropriate strategy and governance being put in place.

It was also stated that the report provided details on the treasury management prudential indicators in respect of external debt and the capital financing requirement in addition to the authorised limit and operational boundary for external debt. Also, the prudential indicators for the proportion of financing costs to net revenue and the investments for service purposes and for commercial activities were noted.

The report was accepted.