Decision details

The Cabinet had before it a * report of the Corporate Manager for Property, Leisure and Climate Change seeking approval of the revised Asset Management and Capital Strategy Plan for 2021-2025.

The Cabinet Member for Housing and Property Services outlined the contents of the report stating that the latest version of the plan set out a continued direction for managing assets.  In the document, the assets were seen as the means by which public benefits were delivered either through their employment or to deliver services or as investments.  The plan highlighted joined up working that was taking place such as combining the grounds maintenance facility with the waste and recycling operation and set out the organisational framework for the strategic and day to day management of property through the placing of asset management in the Council structure and the establishment of specific asset management arrangements.  Important issues such as carbon reduction were covered in the plan as were performance indicators to ensure that value for money was being delivered through the use of assets.

Consideration was given to capital financing and the increase in internal borrowing as highlighted within the report; it was explained that this mirrored the Capital Programme and outlined the use of temporary cash flow through investment.

RESOLVED that the Asset Management and Capital Strategy Plan for 2021-25 be approved.

(Proposed by Cllr R B Evans and seconded by Cllr B A Moore)

Reason for the decision – The delivery of the strategy will ensure best use of Council assets to continue to support the Council in delivering its service to the public.

Note: * Report previously circulated; copy attached to the minutes.