Agenda item

Members considered a detailed report and slide presentation in relation to the Council’s suite of Treasury Strategies for 2022/23 to 2025/26.

As part of the requirements of the CIPFA Treasury Management Code of Practice, the Authority was required to produce each year, a Treasury Management Strategy and Capital Strategy which required approval by Council prior to the commencement of each financial year. 

The following strategies provided an approved framework within which officers undertook day to day capital and treasury activities;

·       The Treasury Management Strategy provided the framework for managing the Authority’s cash flows and borrowing and investments.

·       The Capital Strategy was intended to provide 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 Corporate Investment Strategy focused on investments made for service purposes and commercial reasons rather than those made for treasury management.

In response to a question from Councillor David Dixon regarding assessment of risk, the Principal Accountant explained that Arlingclose’s opinion would be sought and fed back to officers and Members for consideration.

The Chair thanked the Principal Accountant for her presentation and report.

Moved by Councillor Tom Munro and seconded by Councillor Ray Heffer

RESOLVED that the report be noted.