Issue - meetings

(a)       That the Treasury Management Strategy for 2022/23 be approved;

(b)       That the Treasury Management Policy Statement 2022 to 2025 be approved; and

(c)        That the Treasury Management Practices and Schedules 2022 to 2025 be approved.

The Corporate Finance Manager presented the draft Treasury Management Strategy for 2022/23, shown at Appendix 1, in conjunction with:

• Draft Treasury Management Policy Statement 2022 to 2025, shown at Appendix 2; and
• Draft Treasury Management Practices and Schedules 2022 to 2025, shown at Appendix 3 and 4.

The main body of the 2022/23 Strategy had not changed significantly from that of the 2021/22 Strategy.  Matters that merited the attention of Members were outlined in section 1.08 of the Cabinet report.  The counterparty limits for local authorities and other government entities for banks and building societies had been increased to £3m.  This was considered necessary due to the higher levels of surplus cash held by the Council resulting from the receipt of additional Covid-19 funding in 2020/21 and 2021/22.

The Corporate Finance Manager reported that no significant changes had been made to the Strategy, Policy, Practices and Schedules and no specific issues had been raised following consultation with the Governance and Audit Committee and Cabinet.

The recommendations were moved by Councillor Paul Johnson and seconded by Councillor Chris Dolphin.

RESOLVED:

(a)       That the Treasury Management Strategy for 2022/23 be approved;

(b)       That the Treasury Management Policy Statement 2022 to 2025 be approved; and

(c)        That the Treasury Management Practices and Schedules 2022 to 2025 be approved.