Issue - meetings

To consider a report of the Deputy Chief Executive (Section 151 Officer).

The report provides details on the development of the Council’s Treasury Management Strategy Statement (TMSS), Annual Investment Strategy (AIS) and Minimum Revenue Provision (MRP) Policy for 2023/24, to be considered for approval at the Cabinet Meeting on 31 January 2023 and the Council Meeting on 23 February 2023.

The Scrutiny Committee is recommended to comment on and note the report in order that the views can be taken into account in the development of the Council’s 2023/24 Treasury Management Strategy Statement.

Officer contact: Lorna Soufian on 0161 474 4026 or on email lorna.soufian@stockport.gov.uk

The Deputy Chief Executive (Section 151 Officer) submitted a report (copies of which had been circulated) providing details on the development of the Council’s Treasury Management Strategy Statement (TMSS), Annual Investment Strategy (AIS) and Minimum Revenue Provision (MRP) Policy for 2023/24, to be considered for approval at the Cabinet Meeting on 31 January 2023 and the Council Meeting on 23 February 2023.

The Cabinet Member for Finance and Resources (Councillor Malcolm Allan) attended the meeting to respond to questions from the Scrutiny Committee.

The Chair enquired about the Lender Option Borrower Option (LOBO) and potentially any issues. In response, it was confirmed that there are no issues as the LOBO is relatively small.

Members agreed the questions for consideration in paragraph 14 relating to the Borrowing Strategy and also paragraph 16 relating to the Investment Strategy.

Members thanked the officers for the Treasury Training held recently and how it helped to understand the report better.

RESOLVED – (1) That the report be noted.

(2) That the questions for consideration relating to the Borrowing Strategy (paragraph 14 of the report) and the Investment Strategy (paragraph 16 of the report) be noted.