Issue - meetings

Committee considered a report in relation to the Council’s Treasury Strategy Reports 2020/21 - 2023/24.  Any comments expressed by Budget Scrutiny Committee regarding the reports would be reported verbally to the Executive.

The Chartered Institute of Public Finance and Accountancy Code (CIPFA) required the Authority to approve a treasury management strategy before the start of each financial year, and from 2019/20, the CIPFA Code also required that a Capital Strategy be produced alongside the Treasury Management Strategy.  In addition, the 2018 Investment Guidance issued by the Ministry of Housing, Communities and Local Government (MHCLG), required local authorities to produce a Corporate Investment Strategy.  Thus from 2019/20, there had been a requirement to produce 3 separate treasury strategies.  These strategies provided an approved framework within which officers undertook the day to day capital and treasury activities.

To accompany the reports, the Head of Finance & Resources provided a slide presentation to the meeting which highlighted the following;