Decision details

RESOLVED: That the capital allocation for the North Herts Leisure Centre: Sauna Steam Refurbishment be reduced to £150k and brought forward to 2022/23 in the draft budget report to Council in February.

RECOMMENDED TO COUNCIL:

(1)  That Council adopt the Investment Strategy (as attached at Appendix), including the capital programme and prudential indicators.

(2)  That Council adopt of four clauses in relation to the Code of Practice on Treasury Management (as details in paragraphs 8.12 to 8.17).

(3)  That Council approve bringing forward the £150k capital allocation for North Herts Leisure Centre: Sauna Steam Refurbishment forward in to 2021/22.

REASONS FOR RECOMMENDATIONS:

(1)  To ensure that the capital programme meets the Council’s objective and officers can plan the implementation of the approved schemes.

(2)  To ensure the Council’s compliance with CIPFA’s code of practice on Treasury Management, the Local Government Act 2003, statutory guidance from the Department of Levelling Up, Housing and Communities (DLUHC) and the CIPFA Prudential Code. As well as determining and managing the Councils risk appetite in respect of investments.