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Apologies To receive apologies for absence. Minutes: There were no apologies for absence. |
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Declarations of Interest To receive any declarations of interest from Members relating to items to be considered on the agenda. Minutes: There were no declarations of interest reported. |
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Exempt Items The Monitoring Officer has determined that category 3 of the Access to Information Procedure Rules applies to the following items. His view on the public interest test (having taken account of the provisions of Rule 14.8 of the Council's Access to Information Rules) was that to make this information public would disclose information relating to the financial or business affairs of any particular person (including the authority holding that information).
These factors in his view outweigh the public interest in disclosing this information. Members are asked to consider these factors when determining the public interest test, which they must decide when considering excluding the public from this part of the meeting.
Minutes: RESOLVED to exclude the public for the following item of business on the grounds that there would be disclosure to them of exempt information under category 3 of The Local Authorities (Access to Information) (Variation) (Wales) Order 2007).
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Global Centre of Rail Excellence To consider a report by the Leader, County Councillor Rosemarie Harris. Minutes: Cabinet considered the confidential report on the Global Centre of Rail Excellence project. The funding being received would require changes to the 2022/23 Capital and Treasury Management Strategy. Cabinet was advised of the views of the Finance Panel which had met on 14th February and which was supportive of the project.
RESOLVED
1. To approve the changes to the 2022/23 Capital and Treasury Management Strategy, outlined in sections 4.8 to 4.16 of the report with the revised Strategy to be submitted for approval by Council on the 24th February 2022. Specifically changes will be made to the:
· The Capital Programme · The Capital Financing Requirement (CFR) · The Minimum Revenue Provision (MRP) Policy Statement · The Prudential Indicators · Debt and Investment figures · Operational Boundary and Authorised Limit
2. That a further report be brought to Cabinet for approval of the Investment Documentation required to establish the Investment Structure.
3. That funding will be held within Council accounts in accordance with the requirements of the draft Revised Repayable Funding Offer Letter from Welsh Government and established local authority accounting practice.
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