Issue details
2021/22 Capital Investment Budget and Capital Strategy Update
To recommend to Council for approval the capital investment budget and capital strategy for 2021/22 onwards.
Appendix A provides details of the proposed additions to the existing capital programme that have been identified and the impact of approving these additions. Eleven capital investment budget proposals totaling £20.7m have been identified, to be funded by capital grants (£14.5m), redirected funding from revenue reserves (£1.0m), returns on capital investment (£0.4m) and prudential borrowing of (£4.8m).
In line with the Chartered Institute of Public Finance and Accountability (CIPFA) requirements a capital strategy has been written to reflect future direction for capital investment, the strategy is included at appendix D and in line with the guidelines requires Council approval.
Decision type: Budget and policy framework
Decision status: Recommend Forward to Council
Wards affected: (All Wards);
Notice of proposed decision first published: 28/01/2021
Decision due: 28 January 2021 by Cabinet
Lead member: Cabinet member finance and corporate services
Lead director: Chief finance officer
Department: Corporate Support Centre
Contact: Karen Morris, Strategic Capital Finance Manager Email: karen.morris1@herefordshire.gov.uk Tel: 01432 261865.
Decisions