Decisions

Resolved:

That Cabinet

1.             Agrees that the Council joins UK100,by signing up to the UK100 pledge set out in the Appendix.

2.       Adopts and merges the targets and actions set out in the UK100 pledge with those already agreed by Cabinet at its meeting on the 30^thJanuary 2020 and adopted by Council in the Council Plan on the 18^thFebruary 2020, and develops detailed and costed action plans for these, to be agreed and managed as part of the Council’s Climate Change Programme.

Resolved:

That Cabinet:

1)    Approve the bid as detailed in section 2 amounting to £0.113m from the Climate Change Investment Fund.

2)    Authorise the Strategic Director for Resources to procure and enter any agreements to give effect to the proposal on terms and conditions considered acceptable by him.

Resolved:

That Cabinet:

a) Note the progress of the delivery of the Council Plan 2020 - 2025 for the period as contained in the report; and,

b) approves the 2021/22 Performance Framework, attached as Appendix A, for reporting at Quarter 1.

Resolved:

That Cabinet approves the change of age range at Exhall Cedars Infant School from 3 - 7 to 4 - 7 from September 2021.

The minutes of the previous meeting of Cabinet held on 8 April 2021 were agreed as a true and accurate record.

Resolved:

That Cabinet recommends to Council that:

1. The Treasury Management Strategy for 2021/22 (Appendix 1) be approved with immediate effect.
   
   
2. The Investment Strategy for 2021/22 (Appendix 2) be approved with immediate effect.
    
3. That the County Council requires the Strategic Director for Resources to ensure that gross borrowing does not exceed the prudential level specified (Appendix 1,Section 3.2, Table 10 “Authorised Borrowing Limit”).
   
   
4. That the County Council requires the Strategic Director for Resources to ensure that gross investment in non-Treasury investments does not exceed the prudential levels specified (Appendix 2, Annex 7).
    
5. That the County Council delegate authority to the Strategic Director for Resources to undertake delegated responsibilities in respect of both strategies (Appendix 1, Annex 7, and Appendix 2, Section 2.5).
   
   
6. That the County Council requires the Strategic Director for Resources to implement the Minimum Revenue Provision (MRP) Policy (Appendix 1, Section 2.4).

Resolved:

That Cabinet approves the Warwickshire Fire and Rescue Service (WFRS) Integrated Risk Management Plan (IRMP) Action Plan 2021/22.

Resolved:

That Cabinet notes the Treasury Management outturn in respect of 2020/21.

Resolved:

That Cabinet:

a)                Notes the net spend in 2020/21 and the consequent revenue underspend for the organisation at the end of the year;

b)                Notes the explanations and mitigating actions for variations to budgets, and the implications on the Medium-Term Financial Strategy, as set out in Appendix A;

c)                 Notes the capital spend in 2020/21 and its financing and the explanations for variations on individual projects set out in paragraph 5.6 and Appendix B.

d)                Approves the £6.221m carry forward of specific services’ revenue budget from 2020/21, to support the delivery of the Council Plan in 2021/22, as outlined in paragraph 4.4 and Appendix D;

e)                Approves the reprofiling of the capital programme as set out in Annexes A to M and require Corporate Board to give an enhanced focus to the accurate phasing of capital spend in 2021/22 and over the medium term;

f)                  Notes the current reserves position for the organisation as set out Section 4 and Appendix N.

Resolved:

That Cabinet:

1. Recommends to Council that £130 million be added to the Council’s 2021-26 capital programme for the Warwickshire Recovery and Investment Fund (WRIF) to deliver the WRIF Business Plan as set out    at Appendix 1;

2. That, subject to Council approving the Council Treasury Management and Investment Strategies, and the addition to the Capital programme endorsed at Recommendation 1, Cabinet:

a) Approves the WRIF Business Plan 2021/22 at Appendix 1;

b) Approves the WRIF Investment Strategy at Appendix 2;

c) Agrees to fund the net cost of the WRIF in 2021/22, estimated to be £262,000, from the Commercial Risk Reserve, and requires the funding to be replenished as the first call on any WRIF surplus in the following financial years;

d) Agrees to fund the remaining set-up costs and the cost of the procurement of the external fund managers, of £240,000 from the Economic Growth and Place Shaping Fund;

e) Agrees to establish the WRIF governance arrangements, as described at section 5 of this report and authorises the Strategic Director for Communities (as Chair of the Investment Panel) in consultation with the Deputy Leader (Finance and Property) to take such urgent exit decisions as he considers necessary (as detailed in paragraph 4.13 of the Business Plan);

f) Authorises the Strategic Director for Communities to commence the

procurement for the appointment of external fund managers and to award all necessary contract(s) on terms and conditions considered acceptable to the Strategic Director for Resources;

g) Authorises the Strategic Director for Resources to put in place the necessary anti money laundering arrangements, including the designation of relevant officers to fulfil the required roles;

h) Authorises the Strategic Director for Resources to finalise all necessary legal documentation for the WRIF on terms and conditions considered acceptable to him and take any such steps he considers necessary to establish and launch the WRIF;

i) Authorises the Strategic Director for Communities to finalise the Prospectus and Communications plan, making changes as necessary to future versions of these, taking account of the comments and recommendations of Cabinet; and

3. That Cabinet considers and has regard to the comments and recommendations of the Resources and Fire and Rescue Overview and Scrutiny Committee from its meeting on 27th May as set out in paragraph 8 of this report.

Resolved

That the Regulatory Committee authorises the discharge of Condition 13 of planning consent NWB/19CC006 for a Green Travel Plan.