Issue - meetings
SSDC Capital Strategy 2019/20
Meeting: 07/02/2019 - District Executive (Item 118)
118 SSDC Capital Strategy 2019/20 
PDF 79 KB
Additional documents:
Decision:
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RESOLVED: |
That District Executive reviewed and recommended the Capital Strategy and the borrowing and investment limits for approval to Full Council. |
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Reason: |
The Capital Strategy is an annual report which must be approved by Full Council before the start of the financial year in line with the revised CIPFA Prudential Code. |
(Voting: 9 in favour, 0 against, 1 abstention)
Minutes:
The Portfolio Holder for Finance and Legal Services introduced the report and advised that as the Council purchased assets, the capital increased. He thanked the South West Audit Partnership for their assistance in reviewing the commercial investments which also informed the Capital Strategy and proposed it be forwarded to Council for approval.
In response to questions from the Scrutiny Committee it was noted that the commercial strategy arrangements had been reviewed within the Audit Plan by the South West Audit Partnership.
At the conclusion of the debate, the majority of Members were content to propose the SSDC Capital Strategy 2019/20 to Full Council for approval.
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RESOLVED: |
That District Executive reviewed and recommended the capital strategy and the borrowing and investment limits for approval to Full Council. |
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Reason: |
The capital strategy is an annual report which must be approved by Full Council before the start of the financial year in line with the revised CIPFA Prudential Code. |
(Voting: 9 in favour, 0 against, 1 abstention)
