Issue - meetings
Quarter 4 Treasury Management Update 2022/23
Meeting: 22/03/2023 - Governance and Audit Committee (Item 63)
63 Quarter 4 Treasury Management Update 2022/23 
PDF 156 KB
Additional documents:
- Enc. 1 - Investment portfolio as at 28-02-23, item 63
PDF 29 KB
- Enc. 2 - Long term borrowing as at 28-02-23, item 63
PDF 88 KB
- Enc. 3 - Short term borrowing as at 28-02-23, item 63
PDF 18 KB
- Webcast for Quarter 4 Treasury Management Update 2022/23
Decision:
That the Treasury Management 2022/23 quarterly update be endorsed.
Minutes:
The Strategic Finance Manager presented the quarterly update on matters relating to the Council’s Treasury Management Policy, Strategy and Practices to the end of February 2023. The Council’s position on investment and long and short term borrowing was reported, along with an update on the economic context and interest rate forecast.
In response to questions from Allan Rainford, the Strategic Finance Manager provided background on the timing of the long-term loan of £5m taken out with the Public Works Loans Board during the quarter.
When asked by Councillor Glyn Banks, the officer confirmed that Lender Option Borrower Option (LOBO) was an investment option considered in discussions with the treasury management advisers.
The recommendation was moved by Councillor Bernie Attridge and seconded by Allan Rainford.
RESOLVED:
That the Treasury Management 2022/23 quarterly update be endorsed.