Decision details

Cabinet considered a review of the Capital, Investment and Treasury Management Strategies for the 2019/20 financial year.

The Chairman of the Corporate Overview and Scrutiny Committee, Councillor J Clowes, reported that the Committee had considered the report at its meeting on 3^rd September 2020 and had expressed its support.

RESOLVED

That Cabinet

1.    notes the content of the appendices to the report;

2.    approves, in accordance with Finance Procedure Rules, fully funded supplementary capital estimates over £500,000 and up to £1m (Appendix 1, Annex B);

3.    approves, in accordance with Finance Procedure Rules,  capital virements over £1,000,000 and up to £5,000,000 (Appendix 1, Annex B);

4.    recommends to Council to approve:

(a)  capital virements above £1,000,000 in accordance with Financial Procedure Rules as detailed in Appendix 1, Annex C; and

(b)  supplementary capital estimates above £1,000,000 in accordance with Financial Procedure Rules as detailed in Appendix 1, Annex D.