Issue - meetings

The Chief Finance Officer to present a report which provides an update on Treasury Management activity for the period 1 April  to 30 September 2022.

Resolved:  (i)      That the Treasury Management activities to date in 2022/23 be noted.

                   (ii)      That the Prudential Indicators set out in Annex A, and the compliance with all indicators, be noted.

Reason:     in accordance with the Local Government Act 2003 (revised), and to ensure the continued performance of the Council’s Treasury Management function.

The Chief Finance Officer presented a report which provided an update on Treasury Management activity for the period 1 April  to 30 September 2022.

The report, prepared in compliance with CIPFA’s Code of Practice on Treasury Management, provided: an economic update for the first part of the 2022/23 financial year; a review of the Treasury Management Strategy Statement and Annual Investment Strategy; the prudential indicators; reviews of the council’s investment portfolio and borrowing strategy; and a review of compliance with the Treasury and Prudential Limits. 

It was confirmed that during the financial year to date, the council had operated within the treasury limits and Prudential Indicators, as set out in the report and Annex A.  The report would be considered by the Audit & Governance Committee on 30 November 2022.

Resolved:  (i)      That the Treasury Management activities to date in 2022/23 be noted.

                   (ii)      That the Prudential Indicators set out in Annex A, and the compliance with all indicators, be noted.

Reason:     in accordance with the Local Government Act 2003 (revised), and to ensure the continued performance of the Council’s Treasury Management function.