Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
The report set out details of a current consultation launched by the Chartered Institute of Public Finance and Accountancy (CIPFA) and proposed a draft response for formal approval. The report also provided an update on potential changes to financial rules that are currently being considered by the Government.
I. Agrees the response to the CIPFA consultation as set out in Appendix One; and
II. Notes the position in respect of Minimum Revenue Provision and possible debt caps; and
III. Confirms that there will be no additional investment portfolio acquisitions until the changes to financial rules, MRP and caps have been clarified.
Publication date: 16/11/2021
Date of decision: 15/11/2021
Decided at meeting: 15/11/2021 - Cabinet
Effective from: 24/11/2021