Issue - meetings

Treasury Management Strategy

Meeting: 08/03/2023 - Cabinet (Item 88)

88 Treasury Management Strategy 2023/24 pdf icon PDF 109 KB

To consider the report of the Cabinet Member for Performance and Resources seeking that Members recommend that Council approves the Treasury Management Strategy and the prudential indicators, and notes the Treasury activities.

Additional documents:

Decision:

RECOMMENDED that the Treasury Management Strategy be approved.

 

Minutes:

Cabinet considered the report of the Cabinet Member for Performance and Resources that sought Members to recommend that Council approves the Treasury Management Strategy and the prudential indicators, and notes the Treasury activities.

 

The Cabinet Member for Performance and Resources highlighted the key features of the report including the recommendation to continue to operate within an under borrowed position (3.2).  She advised that the strategy enabled flexibility for either debt rescheduling or new long term fixed rate borrowing while allowing the Council to benefit from lower interest rates on temporary borrowing. 

 

The Cabinet Member for Environment expressed his gratitude to the Director of Policy and Resources and the Financial Services Manager for their detailed explanation of the Strategy and the Council’s position to Members before the meeting.  The Cabinet Member for Planning and Housing Strategy added her own thanks and informed Members that she had found that session to have been highly useful.

 

RECOMMENDED that the Treasury Management Strategy be approved.