Decision details

Capital Programme 2020-2021 to 2024-2025 Quarter Two Review

1.    Approved the revised medium-term General Revenue Account capital programme of £299.9 million, an increase of £11.4 million from the previously approved programme, and the change in associated resources.

Treasury Management Activity Monitoring – Mid Year Review 2020-2021

2.    Noted that a mid-year review of the Treasury Management Strategy Statement has been undertaken and the Council has operated within the limits and requirements approved in March 2020.

3.    Noted that revenue underspends of £1.8 million for the General Revenue Account and £682,000 for the Housing Revenue Account (HRA) are forecast from treasury management activities in 2020-2021, arising as a result of re-phasing of the capital programme and lower interest rates forecast on borrowing due to the impact on the economy of Covid-19.

4.    Noted that two of the three credit rating agencies have downgraded the UK’s credit rating.  If the remaining credit rating agency follows suit the Director of Finance will lower the minimum sovereign rating in the Annual Investment Strategy in line with the delegated authority approved by Council on 17 July 2020.

Appointment of Director of Adult Social Services (DASS)

5.    That the Council appointed Emma Bennett as the interim Director of Adult Social Services pending a review.

Extension of Regional Mortuary Provision

6.    That the Council agreed to the extension of the Regional Mortuary Provision from March 2021 to August 2021 and delegated authority to the Director of Governance to carry out the appropriate tasks in relation to amendment of the existing contract.