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: