Decision details

To agree the Treasury Management procedures, limits and objectives for 2022/23

That:

1)               the Treasury Management Strategy as set out in Appendix A, be noted, including the following additional appendices;

•        Prudential Indicators (Appendix B)

•        Annual Investment Strategy 2022/23 (Appendix C)

•        Minimum Revenue Provision (MRP) policy (Appendix D)

2)               it be noted that the Audit Committee agreed the Treasury Management Strategy on 2 February 2022 and have recommended the report to Council;

3)               it be noted that the cumulative financial impact on the Council of its borrowing activities equates to a net credit to the general fund for the taxpayer of £42.70 per band D equivalent at end of 2022/23 and noting this credit increases to £62.47 at the end of 2024/25.