Purpose

To review the 2023/24 - 2025/26
capital programme position as at the end of quarter 3 and TM activity

Content

RESOLVED -

 

(i)         That the rolling programme for 2023/24
to 2024/25 as detailed in appendices 2 and 3 to report COFI/05/24 be approved.

 

(ii)        That the revised Capital receipts policy
as detailed in paragraph 4.13 be approved.

 

(iii)       That the Quarter 3 Treasury Management
Activity in Appendix 4 be noted.

 

(iv)      That
the Capital Receipts Policy be reviewed by Executive Board.

 

Reasons for decisions

 

(i)        This
report follows an earlier monitoring report in October in compliance with Financial
Regulation 3.13 that requires that the Chief Officer Finance & ICT monitors
and reports to Members on the Capital Programme.

 

(ii)       Local
Authorities are required under the Local Government Act 2003 to comply with the
CIPFA Prudential Code for Capital Finance. The indicators presented in Appendix
4 fulfil the requirements of the Code.