Issue - meetings

This report outlines the treasury management strategy for 2023/24, which includes prudential indicators for 2023/24 to 2025/26, the minimum revenue provision (MRP) policy, and the investment and borrowing strategy. It is a legislative requirement that these items be approved by Full Council.

The following matters were debated by Councillors:

·                     That the risk profile of Treasury Management is low in line with CIPFA’s priority principles of Security, then Liquidity then Yield.

·                     Whether any countries should be removed from the Approved Countries for Investments list in section 7 of the strategy. It was proposed that Abu Dhabi (UAE) and Qatar be removed.

·                     That the annual Treasury Management training presentation be scheduled for a future FPP meeting.

Following consideration of the above matters and the report’s contents, the Panel moved to consider the report recommendations, which were agreed as follows:

(1)          Recommend to Full Council that the treasury management strategy, which includes the following, be approved:

1.1.1         The treasury management strategy and the treasury prudential indicators contained therein;

1.1.2         The capital prudential indicators and limits;

1.1.3         The borrowing strategy contained within the treasury management statement;

1.1.4         The annual investment strategy;

1.1.5         The minimum revenue provision policy statement;

1.1.6         The treasury management practices.

(2)          Advise whether any countries should be removed from the list of approved investable countries at section 7 of the treasury management strategy.*

* It was agreed that Abu Dhabi and Qatar be removed from the list.