618 Treasury Management Strategy 2022-23 PDF 360 KB
Additional documents:
Decision:
Having considered an open officer report, and a presentation by the Cabinet
Member for Finance & Resources, Councillor Amanda De Ryk, the Mayor and
Cabinet agreed that:
(1) Council be asked to approve the prudential indicators and treasury
indicators, as set out in section 6 and 7;
(2) Council be asked to approve the Annual Investment Strategy and
Creditworthiness Policy, set out in further detail at Appendix 2;
(3) Council be asked to approve the Investment Strategy as set out in section
5, along with the operational boundary & authorised limit for the year as set
out in section 7;
(4) Council be asked to approve the Minimum Revenue Provision (MRP)
policy as set out in section 6;
(5) Council be asked to delegate to the Executive Director of Corporate
Resources authority during 2022/23 to make amendments to borrowing and
investment limits provided they are consistent with the strategy and there is
no change to the Council’s authorised limit for borrowing; and
(6) Council be asked to approve the overall credit and counterparty risk
management criteria, as set out at Appendix 2, the proposed countries for
investment at Appendix 5, and that it formally delegates responsibility for
managing transactions with those institutions which meet the criteria to the
Executive Director for Corporate Resources
Minutes:
Having considered an open officer report, and a presentation by the Cabinet
Member for Finance & Resources, Councillor Amanda De Ryk, the Mayor and
Cabinet for the reasons set out in the report by a vote of 5-0:
RESOLVED that:
(1) Council be asked to approve the prudential indicators and treasury
indicators, as set out in section 6 and 7;
(2) Council be asked to approve the Annual Investment Strategy and
Creditworthiness Policy, set out in further detail at Appendix 2;
(3) Council be asked to approve the Investment Strategy as set out in section
5, along with the operational boundary & authorised limit for the year as set
out in section 7;
(4) Council be asked to approve the Minimum Revenue Provision (MRP)
policy as set out in section 6;
(5) Council be asked to delegate to the Executive Director of Corporate
Resources authority during 2022/23 to make amendments to borrowing and
investment limits provided they are consistent with the strategy and there is
no change to the Council’s authorised limit for borrowing; and
(6) Council be asked to approve the overall credit and counterparty risk
management criteria, as set out at Appendix 2, the proposed countries for
investment at Appendix 5, and that it formally delegates responsibility for
managing transactions with those institutions which meet the criteria to the
Executive Director for Corporate Resources.
The meeting closed at 6.50pm