Issue - meetings

Committee considered a report in relation to the Authority’s suite of Treasury Strategies for 2025/26 to 2028/29, prior to them being presented to Council on 29th January.

Treasury risk management at the Authority was conducted within the framework of the Chartered Institute of Public Finance and Accountancy’s Treasury Management in the Public Services: Code of Practice 2021 Edition (the CIPFA Code) which required the Authority to approve a treasury management strategy before the start of each financial year. 

Since 2019/20 there had been a requirement to produce three separate treasury strategies.  The report, therefore, includes the strategy for Treasury Management, The Capital Strategy and the Corporate Investment Strategy.

As in previous years, the Authority’s Treasury Management Strategy provided the framework for managing the Authority’s cash flows, borrowing and investments, and the associated risks for the years 2025/26 to 2028/29.  The Treasury Management Strategy set out the parameters for all borrowing and lending as well as listing all approved borrowing and investment sources.  Prudential indicators aimed at monitoring risk were also included at Appendix 1 to the report.

The Capital Strategy was intended to be a high level, concise overview of how capital expenditure, capital financing and treasury management activity contributed to the provision of the Authority’s services.  The report also provided an overview of the associated risk, its management and the implications for future financial sustainability.  The Capital Strategy set out the capital expenditure plans for the period and how they would be financed.  It also provided information of the minimum revenue provision, capital financing requirement and prudential indicators aimed at monitoring risk (Appendix 2).

The Corporate Investment Strategy focused on investments made for service purposes and commercial reasons, rather than those made for treasury management.  Investments covered by this strategy included earning investment income through commercial investments or by supporting local services by lending to or buying shares in, other organisations (Appendix 3).

Moved by Councillor Jane Yates and seconded by Councillor Lucy King

RESOLVED that the report be noted.