Agenda item

To consider and recommend to Council the Treasury Management Strategy 2023/24

The report once approved will be part of the Council’s new approved budget.

The Executive resolved as follows:

To recommend to the Council:

1.      To approve the Treasury Management Strategy 2023/24 including both the Borrowing and Investment Strategies which are set out in Appendix 8c and Appendix 8d to the Executive report.

2.      To adopt the Treasury Management Policy Statement, the three key principles and four clauses taken from CIPFA’s Treasury Management in Public Services Code of Practice and Cross Sectoral Guidance Notes (2021 Edition) set out in Appendix 8b to the Executive report.

3.      To approve the revised Prudential Indicators and limits for 2022/23 and the new Prudential Indicators and limits for 2022/23 – 2024/25 which are set out in Appendix 8e to the Executive report.

4.      To approve the Minimum Revenue Provision Policy Statement for 2022/23, which will ensure a prudent Minimum Revenue Provision charge in the annual statement of accounts. The policy is set out in Appendix 8f to the Executive report.