To approve the Council’s Revenue Budget and Capital Plan Budget for 2018/2019 including the setting of fees and charges for Council services, the Council’s Corporate Asset Management Strategy and Capital Strategy.

That the Corporate Asset Management Plan 2018/2019 Revision, set out at Appendix 1 to the submitted report, be published for consultation as part of the consultation on the proposed budget for 2018/2019.

To ensure the requirements of the constitution are met and to start the formal consultation process.

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This decision will come into force immediately.

The Council’s Corporate Asset Management Plan was adopted in February 2015 to cover the period until 2019.  The Plan is currently subject to an annual review.

The proposed Plan attached at Appendix 1 to the submitted report will be the last annual review.  Work will commence next year, working alongside the TDA, to revise the Corporate Asset Management Plan.  The revision will take account of the progress that has been made in meeting the actions within the current plan and will also reflect the changes to the Council’s asset base over the course of the past few years.  Moving forward, the Council’s assets will be categorised which will enable a separate action plan to be developed for each category.

The Elected Mayor considered the recommendation of the Policy Development and Decision Group made on 6 November 2017 and his decision is set out above.

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