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RESOLVED: That Cabinet:
 

(1)  
Noted expenditure of £2.409million in 2023/24 on the capital
programme, paragraph 8.3 refers.

 

(2)  
Approved the adjustments to the capital programme for 2024/25
as a result of the revised timetable of
schemes detailed in table 2, increasing the estimated spend by
£2.655million and £0.193million in 2025/26.

 

(3)  
Noted the position of the availability of capital resources, as
detailed in table 4 paragraph 8.7 and the requirement to keep the
capital programme under review for affordability.

 

(4)  
Approved the application of £1.313million of capital
receipts/set aside towards the 2023/24 capital programme, paragraph
8.7 refers.

 

(5)  
Noted the position of Treasury Management activity as at the end of
March 2024.

 

RECOMMENDED TO COUNCIL: 
 

(1)  
To approve the actual 2023/24 prudential and treasury
indicators.

 

(2)  
To note the annual Treasury Report for 2023/24.

 

(3)  
To approve a change to the Investment Strategy allowing investments
to be placed on Lloyds Call Account so the combined total of
Current Account and Call Account is up to £5M.
 

REASONS 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.