Decision details

THIRD QUARTER INVESTMENT STRATEGY (CAPITAL AND TREASURY) REVIEW 2023/24

Decision Maker: Cabinet

Decision status: For Determination

Is Key decision?: No

Is subject to call in?: No

Decision:

RESOLVED: That Cabinet:

 

(1)   Noted the forecast expenditure of £6.521M in 2023/24 on the capital programme, paragraph 8.3 refers.

 

(2)   Approved the adjustments to the capital programme for 2023/24 onwards, as a result of the revised timetable of schemes detailed in table 2 and 3, increasing the estimated spend in 2024/25 by £0.960M.

 

(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.

 

(4)   Noted the position of Treasury Management activity as at the end of December 2023.

 

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: 20/03/2024

Date of decision: 19/03/2024

Decided at meeting: 19/03/2024 - Cabinet

Accompanying Documents: