Decision details

To recommend the approval of the Treasury Management Strategy (Investment Strategy, Borrowing Strategy) which sets a framework for the Council's investment and borrowing activity for 2022/23 to Council.

Cabinet:

1)    RECOMMENDED to Council the prudential indicators and limits are adopted and approved as outlined in Appendix A, Section 2.

2)    RECOMMENDED to Council that delegated authority is given to the Director for Corporate Services to update the prudential indicators once the updated HRA business plan has been approved as referred to in paragraph 5.2 of the report.

3)    RECOMMENDED to Council they approve the Treasury Management Strategy as outlined in Appendix A.

4)    RECOMMENDED to Council the Minimum Revenue Provision (MRP) Statement, as outlined in paragraph 5.4 of the report, is approved.

5)    NOTED the linkages to the Capital Strategy due to the integral nature of how the Council manages its treasury finances to support capital development.