Decision details

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

Decision Maker: Finance, Audit and Risk Committee

Decision status: For Determination

Is Key decision?: No

Is subject to call in?: No

Decision:

RESOLVED: That the Committee note and comment on the First Quarter Investment Strategy (Capital and Treasury) Review 2022/23

 

RECOMMENDED TO CABINET: That Cabinet:

 

(1)   Notes forecast expenditure of £12.252M in 2022/23 on the capital programme

 

(2)   Approves the adjustments to the capital programme for 2022/23 onwards, increasing the estimated spend in 2023/24 by £2.048M

 

(3)   Notes the position of the availability of capital resources and requirement to keep the capital programme under review for affordability

 

(4)   Note the position of Treasury Management activity as at the end of June 2022

 

REASON 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: 09/09/2022

Date of decision: 07/09/2022

Decided at meeting: 07/09/2022 - Finance, Audit and Risk Committee

Accompanying Documents: