Resolution status:Carried
It was RESOLVED: -
That the minutes of the meeting held on the 29th January 2024 be approved.
That the contents of this report detailing the progress made in ensuring there are effective arrangements and measures in place across both Councils to minimise the risk of fraud and corruption be noted.
That the contents of this Internal Audit report, supported by Appendix A, be noted.
Ad-Hoc status:Carried
That the minutes of the meeting held on the 27th November 2023 be approved.
1.1To approve the Joint Capital Strategy for the period 2023/24 to 2027/28, including the Prudential Indicators, as set out in Appendix A.
1.2To approve the Joint Investment Strategy for service and commercial investments for the period 2023/24 to 2027/28, as set out in Appendix B.
1.3To approve the Joint Treasury Management Strategy for the period 2023/24 to 2027/28, including the Joint Annual Investment Strategy as set out in Appendix C.
1.4To approve the Joint Treasury Management Indicators as set out in Appendix D.
1.5To approve the Joint Treasury Management Policy Statement as set out in Appendix G.
1.6To approve the Joint Minimum Revenue Provision Policy Statement as set out in Appendix H.
1.7That the key factors and information relating to and affecting treasury management activities set out in Appendices E, F, and I be noted.
1.8That a working group be formed with Arlingclose and Officers including Portfolio Holders, Chairs of the Joint Audit and Standards Committee, and Members from all groups to discuss ESG options.
To agree that the Corporate Manager – Internal Audit prepares a paper for JASC in May 2024 to discuss the option of including co-opted members into the committee’s membership.
That the minutes of the meeting held on the 25th September 2023, as set out in the tabled papers, be approved.
That the Treasury Management activity for the first six months of 2023/24 as set out in this report and Appendices be noted.
That it be noted that Babergh District Council’s treasury management activity for the first six months of 2023/24 was in accordance with the approved Treasury Management Strategy, and that the Council has complied with all the Treasury Management Indicators for this period.
1.1That given changes in the administrations, newly elected members of the Joint Audit and Standards Committee note the progress to improve strategic risk management in alignment with the HM Government Orange Book since January 2022, and support the ongoing schedule of continuous improvement for the Councils’ joint risk management arrangements.
1.2That training be provided to all Members on Risk Management.
That confidential minutes of the meeting held on 25 September 2023 be confirmed and signed as a true record.
Ad-Hoc status:Rejected
1.1That the treasury management activity for the year 2022/23 as set out in this report and appendices be noted.
1.1That it be noted that Babergh District Council’s treasury management activity for 2022/23 was in accordance with the approved Treasury Management Strategy, and that, aside from exceeding the net upper limit of interest rate exposure at the end of 2022/23 as mentioned in Appendix C, paragraph 4.1, the Council has complied with all the Treasury Management Indicators for this period.
1.1 That the committee consider and support the conclusion that the Councils’ system of internal control is effective; and
1.2That the committee confirm that the 2022/23 opinion of the Corporate Manager – Internal Audit, based on his assessment of effectiveness, can be relied upon as a key source of evidence in the Annual Governance Statement.