Issue

Issue - meetings

Treasury Management Strategy 2022/23

Meeting: 22/02/2023 - Council (Item 101)

101 Treasury Management Strategy Statement 2023/24 pdf icon 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 icon 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.