Decision details

RESOLVED:

That Cabinet recommend to Full Council that the Capital Strategy 2026/27 be approved, including the adoption of the Minimum Revenue Payment (MRP) statement.

KEY DECISION:

Report to Cabinet and Council

PORTFOLIO:

Finance and Corporate

ALTERNATIVE OPTIONS CONSIDERED/REJECTED:

As set out in the report.

DECLARATIONS OF INTEREST:

None

DISCUSSION:

The Portfolio Holder Finance and Corporate introduced the report. He explained that the Council was required to confirm its approach to Minimum Revenue Provision payments on an annual basis to ensure compliance with the regulations. 

The Strategic Director Corporate Resources and S151 Officer explained that the report concerned the Council’s annual adoption of its Capital Strategy and detailed the proposed programme and financing for the next three years. The report explains the combined general fund programme and HRA programme, with a total of over £143million over the three-year period. The report also contains the relevant prudential indicators in accordance with the prudential code to show that the funding was in place and was proportionate for the size of NFDC. He reported that there was nothing in the indicators that caused him concern. He reaffirmed that it was in NFDC’s interest to set a programme that was deliverable.