Decision details

RESOLVED

KEY DECISION

That the Executive recommended to Full Council:

a)      the General Fund Capital Programme 2025-29 and HRA Capital Programme 2025-29 as detailed in Appendix B and C.

b)      the Capital Strategy at Appendix A, including the authorised borrowing limit of £749.1m.

c)      the amendments required to The Constitution to reflect changes in the Capital Strategy, as detailed in Appendix E.

d)      that Council delegate authority to the Executive Director of Finance and Performance (Section 151 Officer) in consultation with the Executive Member for Finance and Transformation to agree any necessary variations to the capital budget prior to 1st April 2025.

That the Executive noted:

a)      the Development Pool 2025-29 as detailed at Appendix D and that schemes within the pool will be subject to further approval prior to inclusion in the programme.

Reason for Recommendations:  To ensure that the Council complies with its Constitution and legislative requirements in setting the budget for North Northamptonshire Council for 2025-26.

Alternative Options Considered:  Any comments from the consultation have been considered as part of this process.