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The Capital Strategy

The Capital Strategy. Medium Term Financial Plan. Capital Strategy. Capital Investment Plan. Strategic Asset Management Plan. Related Strategies. Accommodation Strategy. Treasury Management Strategy. ICT Strategy. Investment Strategy. Procurement Strategy. Capital Allocation Framework.

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The Capital Strategy

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  1. The Capital Strategy

  2. Medium Term Financial Plan Capital Strategy Capital Investment Plan Strategic Asset Management Plan Related Strategies Accommodation Strategy Treasury Management Strategy ICT Strategy Investment Strategy Procurement Strategy Capital Allocation Framework

  3. Aims of the Capital Strategy • To provide a clear context within which proposals for new capital expenditure are evaluated to ensure that all capital investment is targeted at meeting the Council’s Priorities and/or legislative requirements; • To establish a fair and objective approach to capital prioritisation • To maximise the use of resources by establishing effective arrangements for the management of capital expenditure including the assessment of project outcomes, budget profiling, deliverability, and the achievement of Value for Money. • To establish a corporate approach to generating capital resources, including the release of capital from the Council’s existing asset base.

  4. Methods of funding the Capital Programme • Government Grants and Non government Contributions • Prudential Borrowing • Capital Receipts – from the sale of assets • Revenue Contributions • Other Capital Funding - development funds

  5. CAPITAL STRATEGY GOVERNANCE STRUCTURE COUNCIL OVERVIEW & SCRUTINY CABINET STRATEGIC CAPITAL INVESTMENT BOARD (formally SAMG) ASSET MANAGEMENT GROUP • CAPITAL PROGRAMME • MANAGEMENT GROUP INVESTMENT PRIORITIES GROUP ACCOMODATION WORKING GROUP • PROJECT STEERING GROUPS Strategic Asset Management Plan Investment Strategy Accommodation Strategy Capital Investment Plan Economic Strategy

  6. How the Capital requirementswill be prioritised All capital projects must deliver against corporate objectives and priorities Scoring Criteria: • Unavoidable capital expenditure due to emergency / H& S • Achievement of the Corporate Objectives • Statutory, Contractual or Legislation • Achievement of Strategic Objectives / Plans • Invest to Save • External Funding • Residual Liability • Risk – presented and mitigated.

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