Decision Maker: Cabinet
Decision status: For Determination
Is Key decision?: Yes
Is subject to call in?: Yes
This report will set the limits and method of
investing the council’s surplus funds taking into account the
statutory restrictions on local authority investments and
borrowings. While the Council is debt free and expects to continue
this policy for the foreseeable future, the report will set limits
and establish procedures for any borrowings that may be
The Cabinet agrees to amend the prudential indicators in the Treasury Management Strategy 2023/2024 (FIN/608) as set out in Section 4 of report FIN608a before considering the recommendations contain within it.
That the Full Council be recommended to approve the following items:
a) the Treasury Prudential Indicators and the Minimum Revenue Provision (MRP) Statement contained within Section 5.4 of report FIN/608.
b) the Treasury Management Strategy contained within Section 6 of report FIN/608.
c) the Investment Strategy contained within Section 7 of report FIN/608.
Reasons for the Recommendations
The Council’s financial regulations, in accordance with the CIPFA Code of Practice for Treasury Management, requires a Treasury Management Strategy to be approved for the forthcoming financial year. This report complies with these requirements.
Report author: Karen Hayes
Publication date: 02/02/2023
Date of decision: 01/02/2023
Decided at meeting: 01/02/2023 - Cabinet
Effective from: 08/02/2023