Issue - meetings

Report number:     CAB/WS/24/009

Portfolio holder: Councillor Diane Hind

Chair of the Committee: Councillor Peter Armitage

Lead officer: Rachael Mann

Recommended to Council: (20 February 2024)

That:

1.           The Treasury Management Statement 2024 to 2025, as set out in Appendix 1 to Report number FRS/WS/24/002, be approved.

2.           The Treasury Management Code of Practice, as set out in Appendix 2 to Report number FRS/WS/24/002, be approved.

(Report number CAB/WS/24/009)

The Cabinet considered this report, which was recommending to Council, the approval of the Treasury Management Strategy Statement 2024 to 2025 and the Treasury Management Code of Practice.

Councillor Diane Hind, Portfolio Holder for Resources, drew relevant issues to the attention of the Cabinet.  The Chartered Institute of Public Finance and Accountancy’s (CIPFA) Treasury Management Code of Practice required that, prior to the start of the financial year, the Council should formally approve a Treasury Management Policy Statement and Investment Strategy, setting out the Council’s treasury management policy and strategy for the forthcoming year.

The Treasury Management Strategy Statement 2024 to 2025 was attached as Appendix 1 to Report number FRS/WS/24/002 and the Treasury Management Code of Practice attached as Appendix 2.  The report also included additional supporting information on treasury advisors; borrowing strategy; investment strategy counter party ratings and interest rate projections.

Recommended to Council (20 February 2024):

That:

1.           The Treasury Management Statement 2024 to 2025, as set out in Appendix 1 to Report number FRS/WS/24/002, be approved.

2.           The Treasury Management Code of Practice, as set out in Appendix 2 to Report number FRS/WS/24/002, be approved.