Decision details

TREASURY MANAGEMENT STRATEGY 2023/24 AND QUARTER 3 PERFORMANCE 2022/23

Decision Maker: Portfolio Holder for Resources, Commissioning and Contracts Management

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes

Decision:

That

 

1.  Treasury Management performance for the third quarter of 2022/23 be noted.

 

2.  Council be recommended to agree to adopt the Treasury Management Statement and the Annual Investment Strategy for 2023/24 including:

 

(i)  the Prudential Indicators for the period 2023/24 to 2025/26

(ii)  the Minimum Revenue Provision (MRP) policy statement

 

(iii)  revised minimum credit-ratings for Housing Associations (BBB+) and Corporate Bonds (BBB+)

 

 

Reasons for the decision:

The Council is required by statute to agree and publish prudential indicators, primarily to confirm that the Council’s capital expenditure plans are affordable and sustainable.  In line with government guidance, the Council’s policy is to seek to achieve the highest rate of return on investments whilst maintaining appropriate levels of risk, particularly security and liquidity.

Publication date: 06/02/2023

Date of decision: 06/02/2023

Effective from: 14/02/2023

Accompanying Documents: