Issue - meetings

To receive and consider the report of the Director of Finance and Statutory Finance Officer.

1.         To note the contents of the report including the updated performance indicators.

2.         To note the Council’s current position regarding its portfolio of investment assets.

Members received the report of the Director of Finance.  The Capital Strategy was approved by Council alongside the budget on 23 February 2021.  The requirements of the Prudential Code 2017 mean the Council must produce a Capital Strategy report and monitor it once a year.

A more thorough evaluation of business cases is being developed to ensure the Council fully evaluates the rewards and risks of new investments.  This will be shared with Councillor Alan Ogilvie once completed.

It was proposed by the Cabinet Member (Finance, Property and Assets), Councillor Matthew Tomlinson, seconded by the Leader of the Council, Councillor Paul Foster, and subsequently

Resolved (unanimously)

1.         To note the contents of the report including the updated performance indicators.

2.         To note the Council’s current position regarding its portfolio of investment assets.