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Decision details

INVESTMENT STRATEGY (CAPITAL AND TREASURY) END OF YEAR REVIEW 2020/21

Decision Maker: Finance, Audit and Risk Committee

Decision status: For Determination

Is Key decision?: No

Is subject to call in?: No

Decision:

RECOMMENDED TO CABINET:

(1)       That the expenditure of £1.883million in 2020/21 on the capital programme, paragraph 8.3 refers, and in particular the changes detailed in table 3 which resulted in a net increase on the working estimate of £0.001million, be noted;

 

(2)       That the adjustments to the capital programme for 2020/21 as a result of the revised timetable of schemes detailed in table 2, increasing the estimated spend in 2021/22 by £0.522million (£0.527milion re-profiled from 2020/21 and £0.005million from 2021/22 re-profiled into 2020/21), be approved;

 

(3)       That the position of the availability of capital resources, as detailed in table 4 paragraph 8.8 and the requirement to keep the capital programme under review for affordability, be noted;

 

(4)       That the application of £1.224million of capital receipts towards the 2020/21 capital programme and the drawdown of £0.417million from set aside receipts, paragraph 8.8 refers, be approved;

 

(5)       That the position of Treasury Management activity as at the end of March 2021, be noted;

 

Cabinet recommends to Council:

 

(1)       That the report entitled Investment Strategy (Capital and Treasury) End Of Year Review 2020/21, be noted;

 

(2)       That the actual 2020/21 prudential and treasury indicators be approved; and

 

(3)       That the annual Treasury Report for 2020/21,be noted.

 

REASONS FOR DECISIONS:

 

(1)       Cabinet is required to approve adjustments to the capital programme and ensure the capital programme is fully funded.

 

(2)       To ensure the Council’s continued compliance with CIPFA’s code of practice on Treasury Management and the Local Government Act 2003 and that the Council manages its exposure to interest and capital risk.

Report author: Dean Fury

Publication date: 24/06/2021

Date of decision: 23/06/2021

Decided at meeting: 23/06/2021 - Finance, Audit and Risk Committee

Accompanying Documents:

 

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