Decision details

RESOLVED: That Council:

(1)  Approved the adoption of the Investment Strategy (as attached at Appendix A as amended), including the capital programme and prudential indicators. This incorporates the changes referenced in paragraph 5.4.

(2)  Approved the adoption of the four clauses in relation to the Code of Practice on Treasury Management (as detailed in Paragraphs 8.11 to 8.16).

REASONS FOR DECISION:

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

(2)  To ensure Council’s compliance with the CIPFA code of practise 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 Council's risk appetite in respect of investments.