To consider a report of the Executive Member for Finance and Governance and the Director of Finance and Systems.

The Executive Member for Finance and Governance and the Director of Finance and Systems submitted a report which outlined the strategy to be implemented during this period for investments and borrowing, the outlook for interest rates, the management of associated risks, and the policy to be adopted on Minimum Revenue Provision (MRP) and Prudential Indicators. It was noted that the report had previously been reviewed by the Accounts and Audit Committee.

RESOLVED -That the content of the report be noted and that Council be recommended to approve:

·            the Treasury Management Strategy 2022/23 – 2024/25 including the:

·           policy on debt strategy as set out in section 4 of the report;

·           investment strategy as set out in section 6 of the report;

·           Prudential Indicators and limits including the Authorised Limit (as required by section 3(1) of the Local Government Act 2003), Operational Boundary, Minimum Revenue Provision Statement and Investment criteria as detailed in Appendix 3 to the report.