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Details
Business Item
Flexible Use of Capital Receipts Strategy 2022/23 to 2024/25
Date of Decision
Tue 5 Jul 2022
Description
Report of the Cabinet Member with responsibility for Resources
Matter for Decision (to consider...)
To consider making a recommendation to Full Council for the approval of an updated Flexible Use of Capital Receipts Strategy for the period 2022/23 to 2024/25, in accordance with updated Guidance and Directions issued by the Secretary of State in April 2022.
Service Area
Financial Services, Corporate Performance & Risk Management
Service Area 2
Not Applicable
Is Decision District Wide
Yes
Decision Made
That the approval of the updated Flexible Use of Capital Receipts Strategy attached as Appendix C of the report be recommended to Full Council.
Reason for Decision
The Flexible Use of Capital Receipts Strategy enables the Council to potentially take advantage of a valuable flexibility enabling funding of the revenue costs of a number of the Council’s key projects in the medium term. The flexibility will enable the Council to optimise the use of capital receipts and conserve revenue budget resources.
Alternative Options Considered and Rejected
There is an option for the Council not to approve an updated Strategy. However, this would mean not potentially taking advantage of a very valuable flexibility enabling funding of the revenue costs of a number of the Council’s key projects in the medium term.
Any Declarations of Interest Declared
None.
Any Dispensation Granted
None.
Decision Criteria
This Decision does not contain any decision criteria records.
Wards
Aldeburgh and Leiston; Beccles and Worlingham; Bungay and Wainford; Carlford and Fynn Valley; Carlton and Whitton; Carlton Colville; Deben; Eastern Felixstowe; Framlingham; Gunton and St Margarets; Halesworth and Blything; Harbour and Normanston; Kelsale and Yoxford; Kesgrave; Kessingland; Kirkley and Pakefield; Lothingland; Martlesham and Purdis Farm; Melton; Orwell and Villages; Oulton Broad; Rendlesham and Orford; Rushmere St Andrew; Saxmundham; Southwold; Western Felixstowe; Wickham Market; Woodbridge; Wrentham, Wangford and Westleton
Topics
This Decision does not contain any Topic records
Overview and Scrutiny
This Decision does not contain any Overview and Scrutiny records.
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Decision History
| 22/06/2022 15:32:53 | Matt Makin | Business Item Created | |
| 22/06/2022 15:32:53 | Matt Makin | Committee Added | Cabinet |
| 22/06/2022 15:32:53 | Matt Makin | Meeting Added | 05/07/2022 6:30PM |
| 22/06/2022 15:35:03 | Matt Makin | Ward Added | Aldeburgh and Leiston |
| 22/06/2022 15:35:03 | Matt Makin | Ward Added | Beccles and Worlingham |
| 22/06/2022 15:35:03 | Matt Makin | Ward Added | Bungay and Wainford |
| 22/06/2022 15:35:03 | Matt Makin | Ward Added | Carlford and Fynn Valley |
| 22/06/2022 15:35:03 | Matt Makin | Ward Added | Carlton and Whitton |
| 22/06/2022 15:35:03 | Matt Makin | Ward Added | Carlton Colville |
| 22/06/2022 15:35:03 | Matt Makin | Ward Added | Deben |
Approval/Comments
No history found.