Decision details

The Executive resolved as follows:

To recommend to Council:

1.      To approve the Capital Programme for 2019/20 as set out at Appendices A and B, to the Executive report.

2. To adopt the Single Capital Pot approach as outlined in Section 4 with a top slice of 12.5% to allow for investment in key priority areas and overspends that are not otherwise fundable (reference paragraph 4.2 of the Executive report).

3. To approve the Capital Prudential Indicators as identified in Appendix C, to the Executive report.

4. To agree that Executive approval will continue to be required for all Prudential borrowing schemes (reference paragraph 3.1, of the Executive report).