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