Issue - meetings

Due to the timescale and print deadlines, the recommendations of the meeting of Cabinet held on 14 February 2023 will be circulated to Members in advance of the meeting of Council

Item CB 23/18 referred from Cabinet minutes of 14 February 2023.

RESOLVED: That the recommendations at Minute CB 23/18 be approved

 Recommendation (AU 23-6) of Audit Committee of 16 January 2023

Consideration was given to the recommendations of the Audit Committee meeting held on 16 January 2023 (AU 23/6).

RECOMMENDED:  That

(1)             the treasury management position as at 31 December 2022 be noted; and

(2)             the  Treasury Management and Annual Investment Strategy for 2023/24, as set out Annex 5 to the report, be commended to Council for adoption.

*Referred to Council

The report provides details of investments undertaken and return achieved in the first nine months of the current financial year and an introduction to the 2023/24 Treasury Management and Annual Investment Strategy.  Members are invited to recommend adoption of the Strategy to Cabinet.

The report of the Director of Finance and Transformation provided details of investments undertaken and return achieved in the first eight months of the current financial year and introduced the Treasury Management and Annual Investment Strategy 2023/24 (attached at Annex 5).

 In addition, the report made reference to non-treasury management practices and the required procedures to ensure compliance with the Treasury Management and Prudential Codes of Practice and Statutory Guidance on Local Government Investments.  

RECOMMENDED: That

(1)             the treasury management position as at 31 December 2022 be noted; and

(2)             the Treasury Management and Annual Investment Strategy 2023/23 (attached as Annex 5) be adopted.

*Referred to Cabinet