Agenda item

The Principal Accountant provided Members with a detailed presentation on the Treasury Strategy Reports 2024/25 – 2027/28.

The Council was required to approve its Treasury Management Strategy before 1^st April.

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

Following on from the Finance and Corporate Overview Scrutiny Committee the report would be presented to Council on 31^st January 2024 for approval.

Members were reminded that Treasury Management was the management of the Authority’s cash flows, borrowing and investment.

Capital Expenditure was noted as being the money spent on assets such as property and vehicles that would be used for more than a year. Assets below £10,000 were not capitalised.

All capital expenditure must be financed either from external sources such as government grants, the Council’s own resources or debt such as borrowing and leasing.

Service Investments included the shares the Council had such as Dragonfly Development which was wholly owned by the Council.

Moved by Councillor Sally Renshaw and seconded by Councillor David Bennett

RESOLVED that (1) the report be noted,

(2) the report be submitted to Council on the 31^st January 2024 for approval.

(Section 151 Officer)