This report provides an update on the progress of the Capital Programme 2022/23 at the end of June 2022. It recommends that Committee agree the revised 2022/23 Capital Programme of £147.6 million which takes account of re-profiling, virements, additional funding requirements and grant variations identified since the Capital Programme was formally agreed on 28th February 2022.

The first matter requiring approval was the Treasury Management Annual Report 2021-22, which fulfilled the Authority’s legal obligation under the Local Government Act 2003 to have regard to both the CIPFA Code and the Department for Levelling Up, Housing and Communities (DLUHC) Investment Guidance. The Authority’s treasury management activity was underpinned by the Chartered Institute of Public Finance and Accountancy (CIPFA) Code of Practice on Treasury Management (“the Code”), which required the Authority to approve treasury management semi-annual and annual reports.

On a motion by Councillor Jean Robinson, seconded by Councillor Paul Stuart, it was –

Resolved (unanimously) – That the Treasury Management Annual Report for 2021/22 be approved.