Issue - meetings

To consider a report of the Cabinet Member for Finance & Resources.

The Cabinet Member for Finance & Resources (Councillor Malcolm Allan) submitted a report (copies of which had been circulated) inviting the Council Meeting to consider the Treasury Management Strategy Statement, the Annual Investment Strategy and the Minimum Revenue Provision Policy 2023/24.

RESOLVED – That approval be given to:-

·         The Minimum Revenue Provision Policy for 2023/24.

·         The Capital Expenditure forecasts and Capital Financing Requirement projections.

·         The Treasury Management Strategy 2023/24.

·         The Treasury and Prudential Indicators and limits 2023/24-2025/26.

·         The Annual Investment Strategy 2023/24.

To consider a report of the Cabinet Member for Finance & Resources.

This comprehensive report proposes the 2023/24 Treasury Management Strategy, Annual Investment Strategy, Minimum Revenue Provision Policy and prudent and sustainable Treasury and Prudential Indicators, which are constructed in compliance with the CIPFA Treasury Management Code of Practice.

The Council has delegated the role of ensuring effective scrutiny of its Treasury Management Strategy to the Corporate, Resource Management and Governance Scrutiny Committee (CRMG).  As such, the views of CRMG were sought and any opinions or suggestions made have been taken into account when formulating the Council's Treasury Management Strategies for 2023/24.

Cabinet is asked to recommend that the Council Meeting approves

(1)  The Minimum Revenue Provision Policy for 2023/24;

(2)  The Capital Expenditure Forecasts and Capital Financing Requirement projections;

(3)  The Treasury Management Strategy 2023/24;

(4)  The Treasury and Prudential Indicators and Limits 2023/24-2025/26;

(5)  The Annual Investment Strategy (AIS) 2023/24.

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

The Cabinet Member for Finance & Resources (Councillor Malcolm Allan) submitted a report (copies of which had been circulated) detailing a proposed 2023/24 Treasury Management Strategy, Annual Investment Strategy, Minimum Revenue Provision Policy and prudent and sustainable Treasury and Prudential Indicators, constructed in compliance with the CIPFA Treasury Management Code of Practice.

RESOLVED – That in relation to the 2023/24 Treasury Management Strategy, Annual Investment and Minimum Revenue Provision Policy the Council Meeting be recommended to approve:-

(1) The Minimum Revenue Provision Policy for 2023/24;

(2) The Capital Expenditure Forecasts and Capital Financing Requirement projections;

(3) The Treasury Management Strategy 2023/24;

(4) The Treasury and Prudential Indicators and Limits 2023/24-2025/26;

(5) The Annual Investment Strategy (AIS) 2023/24.