Decision details

The Executive Councillor will recommend the Strategy to Council. (Item to be considered by Council in February 2019.)

Matter for Decision

The report outlined the capital strategy of the Council together with a summary capital programme for the General Fund (GF) and the Housing Revenue Account (HRA). The previous capital strategy was approved by Council on 22 February 2018 and the report update focused on providing a framework for delivery of the capital expenditure plans over a 10 – 30 year period.

Decision of Executive Councillor for Finance and Resources

i. Approved the capital strategy as set out in this report.

ii. Noted the summary Capital programme.

Reason for the Decision

As set out in the Officer’s report.

Any Alternative Options Considered and Rejected

Not applicable.

Scrutiny Considerations

The Committee received a report from the Head of Finance.

The Head of Finance said the following in response to Members’ questions:

i.         She would consider whether the BSR could include details about the income that the council received from investments.

ii.         Investment in the Cambridge City Housing Company would be seen as a treasury management issue and would therefore be included within the Treasury Management report.

iii.         She thought the new key issue suggested of ‘strategic importance on the shape of the city’ was partially covered by the first bullet point contained on page 25 of the second circulation agenda.

Councillor Robertson agreed it would be useful if reports on investments followed the framework for ‘key issues in investments’ contained on p25 of the second circulation agenda.  

The Committee unanimously resolved to endorse the recommendations.

The Executive Councillor approved the recommendations.

Conflicts of Interest Declared by the Executive Councillor (and any Dispensations Granted)

No conflicts of interest were declared by the Executive Councillor.