RECOMMENDS TO COUNCIL:
i. The adoption of the Investment Strategy (as attached as Appendix A of the submitted report), including the capital programme and prudential indicators.
ii. The adoption of the four clauses in relation to the Code of Practice on Treasury Management (as detailed in paragraphs 8.17 to 8.23 of the report).
REASON FOR DECISION:
To ensure that the capital programme meets the Council’s objectives and officers can
plan the implementation of the approved schemes.
To ensure the Council’s compliance with CIPFA’s code of practice on Treasury Management, the Local Government Act 2003, statutory guidance from the Ministry of Housing, Communities and Local Government and the CIPFA Prudential Code. As well as determining and managing the Councils risk appetite in respect of investments.