Meeting documents

Cabinet
Tuesday, 16 January 2007

CA160107-09

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ITEM CA9

CABINET – 16 JANUARY 2007

DRAFT CORPORATE ASSET MANAGEMENT PLAN AND CAPITAL STRATEGY 2007/08 - 2009/10

Report by Head of Finance & Procurement

Introduction

  1. The Corporate Asset Management Plan (AMP) and the Capital Strategy (CS) have been updated for the period 2007/08 – 2009/10. These documents are an important part of the overall planning framework for the Council. The final versions will go to Council for approval alongside the Medium Term Financial Plan (MTFP) on 13 February 2007. They are attached as Annex 1 (download as .doc file) and Annex 2 (download as .doc file) to the report.

    2. Purpose of the AMP and CS

  2. The AMP sets out the Council’s current and future property asset needs that arise from the Council’s corporate and service priorities and the Council’s approach to meeting those needs. The CS sets out the County Council’s investment strategy.

  3. The Capital Steering Group (CSG) considered the draft AMP and the CS at their meeting on 15 December 2006. They have considered the needs set out in the AMP and followed the process used for prioritisation set out in the CS and reinforced by the agreement of the directorates to their highest priorities in order to recommend to the Cabinet schemes to be added to the Capital Programme 2007/08 – 2009/10 as part of the service and resource planning process for which the report is elsewhere on the agenda.

    4. Corporate Governance Scrutiny Committee Advice

  4. The AMP, CS and the proposals from the CSG were discussed by Corporate Governance Scrutiny Committee at their meeting on 11 January 2007. Their comments on the proposals from CSG will be reported to the Cabinet together with the comments from all the Scrutiny Committees on the budget proposals.

    5.   RECOMMENDATION

  5. The Cabinet is RECOMMENDED to endorse the Corporate Asset Management Plan & Capital Strategy in the light of any advice from the Corporate Governance Scrutiny Committee and RECOMMEND the Corporate Asset Management Plan and the Capital Strategy to the Council.

SUE SCANE
Head of Finance & Procurement

Background papers:
Service & Resource Planning 2007/08 – 2011/12 Cabinet 19 December 2006
Service & Resource Planning 2007/08 – 2011/12 Cabinet 16 January 2007

Contact Officer: Jenny Hydari, Assistant Head of Finance (Accountancy), Tel: (01865) 815401

January 2007

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