Decision details

2023/24 Capital Investment Budget and Capital Strategy Update

Decision Maker: Cabinet

Decision status: Recommend Forward to Council

Is Key decision?: Yes

Is subject to call in?: No

Purpose:

To recommend to Council for approval the capital investment budget and capital strategy for 2023/24 onwards.

Decision:

That: the following be recommended to Council

a) To approve the proposed capital programme from 2023/24 attached at appendix C; and

b) Approve the capital strategy at appendix D

Alternative options considered:

1. It is open to Cabinet to recommend alternative capital investment options to Council. No alternative options have been brought forward to date and suggestions would require review and assessment, in line with those completed on the options presented in this report. In addition, as an amendment to proposals put forward by Cabinet, any amendment would either require the consent of the Leader of the Council or further consideration by Cabinet, and scrutiny, before a decision could be taken in accordance with budget and policy framework rules.

2. A capital strategy is required in accordance with the statutory guidance issued by CIPFA, there is discretion on content of the strategy but we have applied the guidelines within the draft.

Wards Affected: (All Wards);

Contact: Karen Morris, Strategic Capital Finance Manager Email: karen.morris1@herefordshire.gov.uk Tel: 01432 261865.

Publication date: 27/01/2023

Date of decision: 26/01/2023