Democracy in Crawley

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Decision details

Treasury Management Strategy 2023-2024

Decision Maker: Cabinet

Decision status: For Determination

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

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

Decision:

RESOLVED

 

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.

 

d)         the amended the prudential indicators in the Treasury Management Strategy 2023/2024 (FIN/608) as set out in Section 4 of report FIN608a 

 

 

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

Accompanying Documents: