Decision Maker: Cabinet
Decision status: Recommmend Forward to Council
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
required.
That the Full Council recommended to approve:-
a) the Treasury Prudential Indicators and the Minimum Revenue Provision (MRP) Statement contained within Section 5.4 report of FIN/644;
b) the Treasury Management Strategy contained within Section 6 of report FIN/644;
c) the Investment Strategy contained within Section 7 of report FIN/644;
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 those requirements.
Report author: Carolin Martlew
Publication date: 01/02/2024
Date of decision: 31/01/2024
Decided at meeting: 31/01/2024 - Cabinet
Effective from: 07/02/2024
Accompanying Documents: