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 31st July 2023 be confirmed and signed as a true record.
That the committee noted the content of the draft action plan and considered any actions that may need to be taken following review of the plan.
1.1That the committee note the contents of the report and confidential appendix A.
1.2That a future report be brought back to the Joint Audit and Standards Committee within two months.
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.