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Decision details
Treasury Management Mid-Year Review Report 2022/23
Decision Maker: Cabinet
Decision status: For Determination
Is Key decision?: No
Is subject to call in?: Yes
Purpose:
This report advises the Council on the
performance of the Council’s Treasury Management function for
the first half of 2022/23 and provides a comparison against the
2021/22 Treasury Management Strategy and Prudential Indicators.
Also an update on the current financial market and the impact on
the council cash balances/investment options.
Decision:
RESOLVED:
A. That Cabinet noted the update on Treasury Management performance for the half year to 30 September 2022 and agreed to submit this update to Full Council
B. That Cabinet agreed to recommend to Council that it delegates authority to the Executive Director of Finance and Digital (S151 officer) to make short term treasury investment decisions, even if those investments would not currently be in accordance with the Council’s Treasury Management Strategy, based on current market conditions/interest rates movements and funds availability to maximise investment returns. The Annual Treasury Management Strategy for FY2023/24 will be presented to the Council in March 2023.
Report author: Roger Kershaw
Publication date: 09/11/2022
Date of decision: 07/11/2022
Decided at meeting: 07/11/2022 - Cabinet
Effective from: 15/11/2022
Accompanying Documents:
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