Agenda item

There were no updates to the published report.

Members noted that it was a detailed report with much information to absorb. It was noted that North Yorkshire Council manage investments on behalf of the PDNPA and is part of a bundle, this service level agreement would be up for review and renewal next year and this would be an opportunity to scrutinise where the investments are made.  There will be a tender process next year which will be an open process.

Members asked how do the investments policies align with PDNPA risk policies and strategies.  They are very low risk and again the investment strategies would be considered in the future, any investments for Local Government Finance have to be carried out with a secure and prudent approach.  At the outset of the investment procurement process it is determined that the approach aligns with the parks sustainability strategy and policy. 

A motion to approve the recommendations as set out in the report was proposed, seconded, put to the vote and carried.

RESOLVED:

1.     That the Treasury Management Strategy for 2025/26, which incorporates the Prudential Indicators and the Minimum Revenue Provision Policy Statement, set out in Appendix 1 be approved.

2.     That the Annual Investment Strategy from North Yorkshire Council set out in Appendix 2 be adopted as the over-arching Investment Strategy for the Authority’s invested reserve funds.

3.     That the Capital Strategy for 2025/26 set out in Appendix 3 be approved.

4.    That the Capital Budget for 2025/26 set out in Appendix 4 be approved, noting that delivery of capital projects is subject to compliance with the legal and constitutional requirements of Standing Orders.

5.    That the Capital Programme for 2025/26 to 2028/29 set out in Appendix 5 be approved, noting that delivery of capital projects is subject to compliance with the legal and constitutional requirements of Standing Orders.