Skip to main content

Decision details

INVESTMENT STRATEGY (CAPITAL AND TREASURY) END OF YEAR REVIEW 2021/22

Decision Maker: Cabinet

Decision status: For Determination

Is Key decision?: No

Is subject to call in?: No

Decision:

RESOLVED:

 

(1) That Cabinet notes expenditure of £1.434million in 2021/22 on the capital programme, paragraph 8.3 refers;

 

(2) That Cabinet approves the adjustments to the capital programme for 2022/23 as a result of the revised timetable of schemes detailed in table 2, increasing the estimated spend in by £0.979million;

 

(3) That Cabinet notes the position of the availability of capital resources, as detailed in table 3 paragraph 8.7 and the requirement to keep the capital programme under review for affordability;

 

(4) That Cabinet approves the application of £1.225million of capital receipts/set aside towards the 2021/22 capital programme, paragraph 8.7 refers;

 

(5) Cabinet is asked to note the position of Treasury Management activity as at the end of March 2022.

 

RECOMMENDED TO COUNCIL:

 

(6) That Council approves the actual 2021/22 prudential and treasury indicators;

 

(7) That Council notes the annual Treasury Report for 2021/22

 

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: 23/06/2022

Date of decision: 21/06/2022

Decided at meeting: 21/06/2022 - Cabinet

Accompanying Documents: