Decision details

RESOLVED:  That Council:

(1)   Approved the adoption of the Investment Strategy (as attached at Appendix A), including the capital programme and prudential indicators.

(2)   Approved the adoption of the four clauses in relation to the Code of Practice on Treasury Management (as detailed in paragraphs 8.10 to 8.16).

(3)   Agreed to bring forward the £30k capital allocation for the refurbishment of the Howard Park Kiosk in to 2023/24.

(4)   Agreed to bring forward £10k capital allocation for the Public Sector Decarbonisation scheme in to 2023/24.

REASONS FOR DECISIONS:

(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 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.