Decision details
Treasury Management Strategy and Annual Investment Strategy Mid-Year Review Report 2023/24 (F&R23)
PDF 205 KBDecision Maker: Cabinet
Decision status: Recommendations approved
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 and Annual Investment Strategy for 2023/24, approved by Council on 23 February 2023, and has been prepared in accordance with the CIPFA Code of Practice for Treasury Management in the Public Services.
Decision:
The Cabinet has considered the Treasury Management Strategy and Annual Investment Strategy Mid-Year Review Report 2023/24 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 Equalities Impact Assessment was undertaken with the Treasury Management Strategy Statement and Annual Investment Strategy for 2023/24 report approved by Council on 23 February 2023. This is a mid-year update on that Strategy.
Decision Reference: CAB427
Declarations or conflicts of Interest: None.
Forward Plan Reference: F&R23
Other reasons / organisations consulted
CRMG received a Consultation report ahead of
the formulation of the Treasury Management Strategy Statement and
Annual Investment Strategy for 2023/24 on 22 November
2022.
Contact: Lorna Soufian, Corporate and Support Services Email: lorna.soufian@stockport.gov.uk Tel: 0161 474 4026.
Report author: Lorna Soufian
Publication date: 07/12/2023
Date of decision: 05/12/2023
Decided at meeting: 05/12/2023 - Cabinet
Accompanying Documents: