Recommendation (to Council: 5 December 2023)
(1) That the capital and investment outturn report be noted.
(2) That the actual prudential indicators reported for 2022/23, as detailed in Appendix 1 to the report, be approved.
Reasons:
1. To comply with the Council’s treasury management policy statement, the Chartered Institute of Public Finance and Accountancy (CIPFA) Code of Practice on treasury management and the CIPFA Prudential Code for Capital Finance in Local Authorities.
2. As per the treasury management code although the scrutiny of treasury management (and indeed all finance) has been delegated to the Corporate Governance & Standards Committee, ultimate responsibility remains with full Council, this report therefore fulfils that need.
Other options considered and rejected by the Executive:
None.
Details of any conflict of interest declared by the Leader or lead councillors and any dispensation granted:
None.