Decision
Analysis
outcome: Recommendations were approved by the Executive Mayor and Cabinet.
summary: The decision at stake is to increase the Operational Boundary and Authorised Limit to align with projected Capital Financing Requirement for capital expenditure.
topline: The Cabinet has decided to increase the Operational Boundary and Authorised Limit to align with projected Capital Financing Requirement for capital expenditure.
reason_contentious: This issue may be contentious as it involves financial management and potential impact on the Council's financial affairs.
affected_stakeholders: ["Audit and Governance Committee", "Full Council", "Council's financial affairs"]
contentiousness_score: 6
political_party_relevance: There are no mentions or implications of political parties or political influence on the decision.
URL: https://democracy.croydon.gov.uk/ieDecisionDetails.aspx?ID=2360
Decision Maker: Cabinet
Outcome: Recommendations Approved
Is Key Decision?: No
Is Callable In?: Yes
Purpose:
Content: The Executive Mayor and Cabinet, RESOLVED to; a) Consider the comments received from Audit and Governance Committee on 20th November relating this report. b) Consider the contents of the mid-year report on the treasury management activity for 2024/25. c) Recommend to Full Council that it agrees to increase the current Operational Boundary and Authorised Limit to £1,769.5m and £1,819.5m respectively to bring it in line with the projected Capital Financing Requirement (CFR) for capital expenditure and for the prudential management of the Council’s financial affairs.
Date of Decision: December 4, 2024