Decision details
Treasury Management Strategy and Investment Strategy
Decision Maker: County Council
Decision status: Recommendations approved
Is Key decision?: No
Is subject to call in?: No
Purpose:
Treasury Management and Investment Strategies
for 2023/24.
Decision:
That Cabinet recommends to Council that:
1. The Treasury Management Strategy for 2023/24 (Appendix 2 to the report) be approved with effect from 1st April 2023.
2. The Investment Strategy for 2023/24 (Appendix 3 to the report) be approved with effect from 1 April 2023.
3. Council requires the Strategic Director for Resources to ensure that gross borrowing does not exceed the prudential level specified (Appendix 2 to the report, at Section 3.22, Table 12 “Authorised Borrowing Limit”).
4. The revised lending limits for the Warwickshire Property Development Group come into immediate effect (Appendix 3 to the report at Annex 7).
5. The revised lending limits for the WRIF come into immediate effect (Appendix 3 to the report at Annex 7).
6. Council requires the Strategic Director for Resources to ensure that gross investment in non-Treasury investments does not exceed the prudential levels specified (Appendix 3 to the report at Annex 7).
7. Council authorises the Strategic Director for Resources to undertake delegated responsibilities in respect of both strategies (Appendix 2 to the report at Annex 7, and Appendix 3 to the report at Section 2.5).
8. Council requires the Strategic Director for Resources to implement the Minimum Revenue Provision (MRP) Policy (Appendix 2 to the report at Section 2.11).
9. Council requires the Strategic Director for Resources to enact an early payment of pension fund contributions subject to the conditions set out in Appendix 1 to the report at Section 5.14 being met.
Report author: Chris Norton
Publication date: 27/01/2023
Date of decision: 27/01/2023
Decided at meeting: 27/01/2023 - Cabinet
Accompanying Documents:
- Cover Report - Treasury Management and Investment Strategy Statements PDF 129 KB
- Appendix 2 for Treasury Management and Investment Strategy Statements PDF 628 KB
- Appendix 3 for Treasury Management and Investment Strategy Statements PDF 269 KB
- Appendix 1 for Treasury Management and Investment Strategy Statements PDF 71 KB