Issue - meetings

Cabinet received a report on the treasury management as is required in accordance with the CIPFA Code of Practice on Treasury Management. The report covered the capital spending and financing plans and its treasury strategy, backed by prudential indicators and limits.

The report also presented for approval the Council’s Minimum Revenue Provision policy, capital strategy, investment strategy and non-treasury investments report for the next financial year. An earlier version of the report had also been considered by the Governance & Audit Committee on the 30th November 2022 as part of the process leading up to consideration by Full Council.

Councillor David Saunders proposed, Councillor Kup seconded and Cabinet agreed to:

1.  Note and make comments on as appropriate, this report and annexes, including each of the key elements listed below;

a.  The Capital Plans, Prudential Indicators and Limits for 2023-24 to 2025-26, including the Authorised Limit Prudential Indicator;

b.  The Minimum Revenue Provision (MRP) Policy;

c.  The Treasury Management Strategy for 2023-24 to 2025-26 and the Treasury Indicators;

d.  The Investment Strategy for 2023-24 contained in the Treasury Management Strategy, including the detailed criteria;

e.  The Capital Strategy for 2023-24;

f.  The Non-Treasury Investments Report for 2023-24.

2.  Recommend this report and annexes, including each of the key elements listed above, to Council for approval.