Decision details
Annual Treasury Management Strategy and Annual Non-Treasury Investment Strategy 2023-24
Decision Maker: Audit and Governance Committee
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
Decisions:
The purpose of the report was to present Audit Committee with the Treasury Management Strategy and Non-Treasury Investment Strategy (Investment Strategy) for 2022/23 that needs to be approved before 01 April 2023. The attached Treasury Management Strategy Statement (TMSS) for 2022/23 (Appendix 1) and Non-Treasury Investment Strategy (Appendix 2) is prepared in accordance with the “Prudential Code” and the “Treasury Management Code of Practice” (2021 Editions), and the former Ministry of Housing, Communities and Local Government (MHCLG) revised guidance on Local Government Investments
The Deputy Chief Executive and Chief Finance officer introduced the report that provided details of how the Council would manage its cash and cash flow, including internal and external borrowing, over the following 12 months, given certain reasonable assumptions and predictions.
Audit Committee asked if a range of upper and lower range measures are used in forecasts but not carried into reports.
Audit committee noted that no derivative trading had been included in the investments.
RESOLVED: Audit Committee considered the draft Treasury Management and Non Treasury Investment Strategy for 2023/24 and provided feedback to the Cabinet and Council for consideration as part of the Council’s budget setting process
Publication date: 25/04/2023
Date of decision: 26/01/2023
Decided at meeting: 26/01/2023 - Audit and Governance Committee
Accompanying Documents:
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