Issue - decisions

FIRST QUARTER INVESTMENT STRATEGY (CAPITAL AND TREASURY) REVIEW 2019/20

05/08/2019 - FIRST QUARTER INVESTMENT STRATEGY (CAPITAL AND TREASURY) REVIEW 2019/20

RESOLVED:

(1)     That the forecast expenditure of £7.822million in 2019/20 on the capital programme, paragraph 8.2 refers be noted.

 

(2)     That the adjustments to the capital programme for 2019/20 onwards as a result of the revised timetable of schemes detailed in table 2, increasing the estimated spend in 2020/21 by £1.408million be approved;

 

(3)     That the position of the availability of capital resources, as detailed in table 3 paragraph 8.6 and the requirement to keep the capital programme under review for affordability be noted;

 

(4)     That the position of Treasury Management activity as at the end of May 2019be noted.

 

REASON FOR DECISIONS:

 

(1)    Cabinet is required to approve adjustments to the capital programme and ensure the capital programme is fully funded.

 

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.