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RESOLVED: That the Finance, Audit and Risk Committee
provided comments and recommended to Cabinet the Third Quarter
Investment Strategy (Capital and Treasury) Review 2023-24.
 

RECOMMENDATIONS TO CABINET:
 

(1)  
That Cabinet notes the forecast expenditure of £6.521M in
2023/24 on the capital programme, paragraph 8.3 refers.
 

(2)  
That Cabinet approves the adjustments to the capital programme for
2023/24 onwards, as a result of the revised timetable of schemes
detailed in table 2 and 3, increasing the estimated spend in
2024/25 by £0.960M.
 

(3)  
That Cabinet notes the position of the availability of capital
resources, as detailed in table 4 paragraph 8.6 and the requirement
to keep the capital programme under review for
affordability.
 

(4)  
Cabinet is asked to note the position of Treasury Management
activity as at the end of December 2023.

 

REASONS FOR RECOMMENDATIONS:
 

(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.