Issue - meetings

Report of the Director of Finance

Purpose of report

To submit the draft Capital and Investment Strategy for 2022-23.

Recommendations

The meeting is recommended:

1.       To recommend the draft strategy for 2022-23 to Full Council.

Resolved

(1)      That the draft Capital and Investment Strategy for 2022/23 be recommended to Full Council for adoption.

The Director of Finance submitted a report giving details of the draft Capital and Investment Strategy for 2022-23.  This report was produced annually and gave details of how capital decisions were made and anticipated how the capital programme would be funded.  It also gave details of borrowing limits and budget implications of the capital plans.  The report contained an investment strategy which set out how the council made its investments and highlighted that the council was aware and considered risks when making investments.

In response to questions from the Committee the Assistant Director of Finance explained that the capital budget was as stated and that Cherwell District Council did not hold substantial amounts of capital.  Any additional capital expenditure required would need to be funded through additional borrowing. 

Resolved

(1)      That the draft Capital and Investment Strategy for 2022/23 be recommended to Full Council for adoption.