Purpose

The CIPFA Prudential Code for Capital Finance
and the Treasury Management code require all local authorities to
prepare a Capital Strategy. It puts a regulatory framework around
capital decisions and sets out how the Council will manage the
investment and financing of capital resources in support of the
Corporate Strategy.

Sitting under the Capital Strategy is the Treasury Management
Strategy which sets the limits and method of investing the
council’s surplus funds taking into account the statutory
restrictions on local authority investments and borrowings. While
the Council is debt free and expects to continue this policy for
the foreseeable future, the report will set limits and establish
procedures for any borrowings that may be required.

Content

RESOLVED

That the Full Council be
recommended to approve of the Capital Strategy 2025-2026 as
detailed in Appendix A of report
FIN/685.

Reasons for the Recommendations
 
The Capital Strategy 2025-2026
(the Strategy) sets out how the Council will determine capital
spend and use capital resources to achieve Corporate Objectives and
support service delivery.  It forms an
essential part of the Council’s integrated revenue, capital
and balance sheet planning.  This
includes the appraisal process for determining investment decisions
and the process for identifying and prioritising funding
requirements.

The Strategy is based on the
Chartered Institute
of Public Finance and Accountancy (CIPFA) Prudential Code
for Capital Finance and Treasury Management
Code.

The detailed Strategy is
attached at Appendix A of report
FIN/685.