Issue - meetings

The Executive Member for Financial Sustainability submitted a report in respect of the Council’s Draft Capital Strategy and Minimum Revenue Provision (MRP) policy for 2023/24 onwards.

Councillor Pope talked about the condition survey and the provision in the budget for repairs to the boiler. The Head of Strategic Finance and Property said this had been allowed for in the capital programme. Councillor Pope and the Head of Strategic Finance and Property touched on the topic of the future decarbonisation of the heating system. The Head of Strategic Finance and Property said that any bid for grant funding was conditional on clarity about the council staying at Wallfields.

Councillor Fernando proposed and Councillor Bell seconded, a motion that the recommendation, as detailed, be approved. After being put to being to the meeting and a vote taken, the motion was declared CARRIED.

RESOLVED – the Executive’s Draft Capital Strategy and Minimum Revenue Provision policy 2023/24 onwards be endorsed; and

(B)   the principle of selling assets to raise capital receipts to reduce the revenue costs of the capital

programme be endorsed.