Decision details

SECOND QUARTER INVESTMENT STRATEGY (CAPITAL AND TREASURY) REVIEW 2022/23

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Decision:

RESOLVED: That Cabinet:

 

(1)  Noted the forecast expenditure of £9.815M in 2022/23 on the capital programme, paragraph 8.3 refers.

 

(2)  Approved the adjustments to the capital programme for 2022/23 onwards, as a result of the revised timetable of schemes detailed in table 2 and 3, increasing the estimated spend in 2023/24 by £0.861M and £2.0M in 2024/25.

 

(3)  Noted 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.

 

REFERRAL TO COUNCIL: That Cabinet recommended to Council that it notes the position of Treasury Management activity as at the end of September 2022.

 

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: 15/12/2022

Date of decision: 13/12/2022

Decided at meeting: 13/12/2022 - Cabinet

Accompanying Documents: