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The Chair advised
that items 5A, 5B and 5D, referred from the Overview and Scrutiny
Committee and the Finance, Audit and Risk Committee, would be taken
with their respective items on the agenda. Item 5C would be
considered as a standalone item.
 

5C)     
Finance, Audit and Risk Committee – Second Quarter Investment
Strategy (Capital and Treasury) Review 2023/24
 
RECOMMENDED
TO COUNCIL: That Council:
 

(1)  
Approve the adoption of the Investment Strategy (as attached at
Appendix A), including the capital programme and prudential
indicators. This incorporates the changes referenced in paragraphs
5.1 to 5.3.
 

(2)  
Approve the adoption of the four clauses in relation to the Code of
Practice on Treasury Management (as detailed in paragraphs 8.10 to
8.16).
 
REASONS FOR
RECOMMENDATIONS:
 

(1)  
To ensure that the capital programme meets the Council’s
objectives and officers can plan the implementation of the approved
schemes.
 

(2)  
To ensure the Council’s compliance with CIPFA’s code of
practice on Treasury Management, the Local Government Act 2003,
statutory guidance from the Department of Levelling Up, Housing and
Communities (DLUHC) and the CIPFA Prudential Code. As well as
determining and managing the Councils risk appetite in respect of
investments.