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Decision details

FIRST QUARTER INVESTMENT STRATEGY (CAPITAL AND TREASURY) REVIEW 2021/22

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 Cabinet note the forecast expenditure of £16.144 million in 2021/22 on the capital programme, paragraph 8.3 refers;

 

(2)  That Cabinet approve the adjustments to the capital programme for 2021/22 onwards as a result of the revised timetable of schemes detailed in table 2, increasing the estimated spend in 2022/23 by £0.312million.

 

(3)  That Cabinet note the position of the availability of capital resources, as detailed in table 4 paragraph 8.6 and the requirement to keep the capital programme under review for affordability;

 

(4)  Cabinet note the position of Treasury Management activity as at the end of June 2021.

 

REASONS FOR RECOMMENDATIONS:

 

(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: 17/09/2021

Date of decision: 15/09/2021

Decided at meeting: 15/09/2021 - Finance, Audit and Risk Committee

Accompanying Documents: