Decision details
Treasury Management Strategy and Annual Investment Strategy Mid-Year Review Report 2022/23 (F&R4)
PDF 204 KBDecision Maker: Cabinet
Decision status: Recommendations approved
Is Key decision?: Yes
Is subject to call in?: Yes
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
2022/23.
Decision:
The Cabinet has considered the Treasury Management Strategy and Annual Investment Strategy Mid-Year Review Report 2022/23 and has agreed to recommended that the Council Meeting:-
(1) Note the report and the treasury activity in the first half of the financial year.
(2) 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 undertaken with the initial Treasury Management Strategy Statement that went to the Council meeting on 24.02.22. This report is the mid-year update on that report.
Decision Reference: CAB419
Declarations or conflicts of Interest: None.
Forward Plan Reference: F&R4
Other reasons / organisations consulted
A Consultation Report went to CRMG on 23.11.21
ahead of the formulation of the Treasury Management Strategy for
2022/23
Contact: Lorna Soufian, Corporate and Support Services Email: lorna.soufian@stockport.gov.uk Tel: 0161 474 4026.
Report author: Lorna Soufian
Publication date: 07/12/2022
Date of decision: 06/12/2022
Decided at meeting: 06/12/2022 - Cabinet
Effective from: 14/12/2022
Accompanying Documents: