Issue - meetings

REPORT OF THE SERVICE DIRECTOR - RESOURCES
To consider the adoption of the Investment Strategy and clauses in relation to the Code of Practice on Treasury Management

RESOLVED:

(1)       That Council approve the adoption of the Investment Strategy (as attached in Appendix A), including the capital programme and prudential indicators.

(2)       That Council approve the adoption of the four clauses in relation to the Code of Practice on Treasury Management (as detailed in paragraphs 8.12 and 8.17)

(3)       That Council approve bringing forward the £150k capital allocation for NHLC: Sauna Steam Refurbishment forward in to 2021/22

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.

Audio Recording: 1:07:18

Councillor Ian Albert presented the report entitled Investment Strategy (Integrated Capital and Treasury along with the following appendices:

·         Appendix A – Investment Strategy

·         Appendix A1 – A full list of planned capital expenditure (2022/23 onwards)

·         Appendix A2 – A list of new capital schemes and schemes planned to commence from 2022/23

Councillor Ian Albert proposed the recommendations in the report, and Councillor Sam North seconded and it was put to debate.

The following Members took part in debate:

·         Councillor Claire Strong

·         Councillor Steve Jarvis

·         Councillor Sam North

·         Councillor David Barnard

The Executive Member for Finance and IT responded to questions.

On the vote it was:

RESOLVED:

(1)       That Council approve the adoption of the Investment Strategy (as attached in Appendix A), including the capital programme and prudential indicators.

(2)       That Council approve the adoption of the four clauses in relation to the Code of Practice on Treasury Management (as detailed in paragraphs 8.12 and 8.17)

(3)       That Council approve bringing forward the £150k capital allocation for NHLC: Sauna Steam Refurbishment forward in to 2021/22

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.