Agenda item

Capital Strategy


The Capital Strategy before Cabinet outlined the Council’s Capital Programme, together with new capital proposals for 2018-19 to 2023-24, and the Treasury Management Annual Strategy report for 2019-20. The aforementioned reports had previously been presented separately to Cabinet, but were now being presented together as the Capital Strategy to meet the new requirement under the revised CIPFA Prudential Code 2018. The Capital Strategy set out the Council’s approach to the identification of capital expenditure needs.

An amendment was requested to move the portfolio grouping of the Wycombe Community Hub and Surgery Development from Environment to Community within exempt appendix 2C of the report, this was noted by the S151 officer. It was noted that the references within the report to Homer Green Secondary School should be amended to Homer Green Senior School.

The following recommendations were made as the Cabinet approved a Capital Budget each year to invest in the Council’s key priorities as set out in the Corporate Plan.

Recommended: That (i) the Capital Strategy at Appendix 1 of the report be approved;

(ii)    the Minimum Revenue Provision Policy Statement at Appendix 1a of the report be approved;

(iii)   the Capital Programme for 2018/19 to 2023/24 totalling £134.3m as summarised in Table 1 of the report be approved;

(iv)  the Treasury Management Strategy and Prudential and Treasury Indicators in Appendix 3 of the report be approved; and

(v)    the Treasury Management Practice at Appendix 3A of the report be approved.


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