Issue - meetings

This report gives an overview of treasury management activity since 1 April 2022 and presents a review of the Treasury Strategy approved by Council on 24 February 2022.

Background:

This report provided an overview of treasury management activity since 1 April 2022 and presented a review of the Treasury Strategy approved by Council on 24 February 2022.

The Leader of the Council, Councillor Jarrett, supported by the Deputy Leader and Portfolio Holder for Housing and Community Services, Councillor Doe, proposed the recommendations set out in the report.

Decision:

The Council noted the report.

Background:

This report provided details of an overview of treasury management activity since 1 April 2022 and presented a review of the Treasury Strategy approved by Council on 24 February 2022.

This report had been considered by the Audit Committee at its meeting on 3 November 2022 and its comments were set out in section 8 of the report. The report would also be referred to Full Council on 19 January 2023.  

The report included an economic update for the first part of 2022/20223 and reviews of: the Treasury Management Strategy Statement and Annual Investment Strategy; the Council’s Investment Portfolio and Borrowing Strategy; any debt rescheduling undertaken and compliance with treasury and prudential limits.

Reasons:

In accordance with the Chartered Institute of Public Finance Accountancy’s (CIPFA) Code of Practice for Treasury Management, there should be a review of the strategy at least half yearly.