Decision details
SECOND 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 notes the forecast expenditure of £3.045million in 2021/22 on the capital programme, paragraph 8.3 refers
(2) That Cabinet approves the adjustments to the capital programme for 2021/22 onwards, as a result of the revised timetable of schemes detailed in table 2 and 3, decreasing the estimated spend in 2022/23 by £2.661million
(3) That Cabinet notes 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) That Cabinet recommends to Council that it notes the position of Treasury Management activity as at the end of September 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: 17/12/2021
Date of decision: 15/12/2021
Decided at meeting: 15/12/2021 - Finance, Audit and Risk Committee
Accompanying Documents:
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