Decision details
Treasury Management Strategy and Annual Investment Strategy Mid-Year Review Report 2021/22 (RCG40)
PDF 217 KBDecision Maker: Cabinet
Decision status: For Determination
Is Key decision?: Yes
Is subject to call in?: No
Purpose:
This report provides Cabinet with a mid-year
review of the Council’s Treasury Management Strategy
Statement (TMSS) and Annual Investment Strategy (AIS) for
2021/22.
Decision:
The Cabinet has considered the Treasury Management Strategy and Annual Investment Strategy Mid-Year Review Report 2021/22 and has agreed to recommended that the Council Meeting:-
· Note the report and the treasury activity in the first half of the financial year;
· Note the revised interest rate forecasts for Bank Rate and PWLB rates over the short and medium-term, which will drive the Council’s long-term borrowing strategies going forward.
Alternative options considered:
None.
Interests and Nature of Interests Declared:
None.
Reason Key: Policy Framework & Budget;
Wards Affected: (All Wards);
Equality and/or Environmental Impact Assessment: An Equality Impact Assessment was done as part of the initial Strategy report that went to Council on 25.02.21. This is a mid-year update of that report.
Decision Reference: CAB344
Declarations or conflicts of Interest: None.
Forward Plan Reference: RCG38
Other reasons / organisations consulted
CRMG were consulted on the Treasury Management
Strategy for 2021/22 in a separate report and Member training
session in December 2020, prior to the Strategy report for 2021/22
being written.
Contact: Lorna Soufian, Corporate and Support Services Email: lorna.soufian@stockport.gov.uk Tel: 0161 474 4026.
Report author: Lorna Soufian
Publication date: 08/12/2021
Date of decision: 07/12/2021
Decided at meeting: 07/12/2021 - Cabinet
Accompanying Documents: