Decision details

Treasury Management Strategy and Annual Investment Strategy Mid-Year Review Report 2023/24

Decision Maker: Council Meeting

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 Council meeting has:-

 

(1) Noted the report and the treasury activity in the first half of the financial year.

 

(2) Noted the revised interest rate forecasts for PWLB rates over the short and medium term which would 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: CDM230

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: 15/01/2024

Date of decision: 11/01/2024

Decided at meeting: 11/01/2024 - Council Meeting

Accompanying Documents: