Decision details

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

Decision status: Deleted

Is Key decision?: Yes

Is subject to call in?: No

Decision:

RESOLVED:

 

(1)   That Cabinet noted the forecast expenditure of £10.438M in 2023/24 on the capital programme, paragraph 8.3 refers.

 

(2)   That Cabinet 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 overall estimated spend in 2024/25 and beyond by £1.271M.

 

(3)   That Cabinet 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)   Cabinet noted the position of Treasury Management activity as at the end of June 2023.

 

REASONS FOR DECISION:

 

(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: Ian Couper

Publication date: 21/09/2023

Date of decision: 19/09/2023

Decided at meeting: 19/09/2023 - Cabinet

Accompanying Documents: