Agenda item

Report of the Executive Director for Finance and Commercialisation (S151 Officer)  seeking approval of the Treasury Management Strategy and Prudential Limits 2022/23 to 2025/26.

The Committee considered the report of the Executive Director for Finance, Commercialisation and S151 Officer seeking approval of the Treasury Management Strategy and Indicators for 2022/23 to 2025/26.

The Committee particularly noted paragraph 11 of the report which detailed the core elements of the strategy. 

RESOLVED:

(i)  That the Council’s Treasury Management (TM) Strategy and Indicators for 2022/23 to 2025/26, as detailed in appendix 1 of the report be approved;

(ii)  That at the time of writing this report it was noted that it had been assumed that the budget proposals within the Medium Term Financial Strategy 2022/23 to 2025/26, Revenue Budget 2022/23 and Capital Programme 2020/21 to 2026/27 report, to be submitted to Council on the 23 February 2022, would be approved.  Should the recommendations change and have any impact on the Prudential Indicators this would be reported to Council on 23 February 2022;

(iii)  That the Executive Director – Finance and Commercialism would report any amendments and in year revisions to the TM Strategy as part of quarterly financial and performance monitoring; and

(iv)  That the proposal to continue to explore an alternative Treasury Strategy to generate additional income that could support local services, whilst maintaining a prudent approach be endorsed.