Decision details
2004/05 OTHER AREAS CAPITAL PROGRAMME, PRUDENTIAL INDICATORS AND 2004/05 TREASURY MANAGEMENT STRATEGY
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
Decision:
THAT it be recommended to Council that:
(a) an amount of £5,000,000 be approved by means of unsupported Prudential Borrowing to meet the preferred list of capital projects.
(b) the Prudential Indicators detailed in Appendix 1, which include the projected Capital Programme, be endorsed.
(c) the Treasury Management Strategy in Appendix 2 be endorsed.
(d) that the borrowing limits outlined in Appendix 2 be approved.
Reasons for the decision:
Cabinet is responsible for recommending to Council the basis for allocating unsupported borrowing in line with the Council’s Capital Strategy. The setting of Prudential Indicators and the reporting of the Council’s Treasury Management Strategy for the coming financial year is required by the CIPFA Prudential Code for Capital Finance.
Alternative options considered:
As detailed in the report.
Publication date: 24/02/2004
Date of decision: 19/02/2004
Decided at meeting: 19/02/2004 - Cabinet
Accompanying Documents: