Issue - meetings
Treasury Management Strategy 2022/23
Meeting: 22/02/2023 - Council (Item 101)
101 Treasury Management Strategy Statement 2023/24 
PDF 1 MB
Report by the Director of Resources and Deputy Chief Executive to the Strategy and Resources Committee on 6 February 2023 (attached).
Additional documents:
Minutes:
Council considered a report by the Director of Resources and Deputy Chief Executive regarding the Treasury Management Strategy Statement 2023/24 to the Strategy and Resources Committee on 6 February 2023 (circulated previously).
Meeting: 06/02/2023 - Strategy and Resources Committee (Item 100)
100 Treasury Management Strategy Statement 2023/24 PDF 1 MB
Report by Director of Resources and Deputy Chief Executive (attached).
Additional documents:
Minutes:
The Committee considered a report by the Director of Resources and Deputy Chief Executive (circulated previously) regarding Treasury Management Strategy Statement 2023/24.
The Head of Governance gave the Committee the following highlights:
· Section 5.2 showed a table detailing the projected Capital Financing Requirement (CFR) for the Council.
· The Council was asked to approve the CFR projections below:
|
£000 |
2021/22 Actual |
2022/23 Estimate |
2023/24 Estimate |
2024/25 Estimate |
2025/26 Estimate |
|
Capital Financing Requirement |
|||||
|
Total CFR |
21,699 |
24,482 |
33,323 |
38,608 |
37,112 |
|
Movement in CFR |
17,108 |
2,783 |
8,841 |
5,285 |
(1,496) |
|
|
|
|
|
|
|
|
Movement in CFR represented by: |
|||||
|
Net financing need for the year (above) |
16,731 |
2,674 |
8,550 |
4,251 |
(125) |
|
Financing Lease – Capital Costs |
891 |
974 |
1,270 |
2,489 |
373 |
|
Less MRP/VRP |
(514) |
(733) |
(747) |
(1,045) |
(1,059) |
|
Finance Lease Principal Payments (MRP) |
|
(132) |
(232) |
(410) |
(685) |
|
Movement in CFR |
17,108 |
2,783 |
8,841 |
5,285 |
(1,496) |
· Appendix A of the report detailed the Treasury Management Practice adhered to by the Council.
RECOMMENDED that Council approve:
(a) The Treasury Management Strategy Statement, Minimum Revenue Provision Policy Statement and Annual Investment Statement 2023/24, including the Treasury Management and Prudential Indicators for 2023/24 to 2025/26; and
(b) The updated Treasury Management Practices as detailed in Appendix A of the report.