Decision Maker: Council
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
The Leader presented the report of the meeting of the Cabinet held on 18 February 2021.
(1) Treasury Management Strategy and Annual Investment Strategy (Minute 330)
The Leader MOVED, seconded by Councillor B A Moore:
THAT the recommendation of the Cabinet as set out in Minute 330 be ADOPTED.
Consideration was given to:
· The borrowing and lending figures outlined within the report
· The risks associated with lending to 3 Rivers Developments Limited and whether a request be made to the Audit Committee for further examination of risk associated with the lending of funds.
Upon a vote being taken the MOTION was declared to have been CARRIED.
Reason for Decision – there is a need for the Council to approve the Treasury Management Strategy and Annual Investment Strategy for 2021/22 in line with CIPFA guidance
Note: Councillor R L Stanley had declared a disclosable pecuniary interest as he was a remunerated Director of 3 Rivers Development Limited and left the meeting for the debate and the vote thereon.
(2) Capital Strategy (Minute 331)
The Leader MOVED, seconded by Councillor B A Moore:
THAT the recommendation of the Cabinet as set out in Minute 331 be ADOPTED.
Upon a vote being taken the MOTION was declared to have been CARRIED.
Reason for Decision – there is a need for the Council to approve the Capital Strategy.
Notes: Councillor R L Stanley had declared a disclosable pecuniary interest as he was a remunerated Director of 3 Rivers Development Limited and remained out the meeting for the debate and the vote thereon.
Publication date: 02/03/2021
Date of decision: 24/02/2021
Decided at meeting: 24/02/2021 - Council