Decision details

The Committee gave consideration to a report seeking approval of the proposed Treasury Management Strategy Statement and Annual Investment Strategy.  The report also set out the Policy for the repayment of loans fund advances for 2023-24.

Decision

The Policy and Resources Committee agreed to recommend to Council approval of –

1.    the proposed Treasury Management Strategy Statement and Annual Investment Strategy and the indicators contained within; noting that the figures within the Strategy would be updated to reflect the budget decisions agreed at Council;

2.    the continued use of the asset life method for the repayment of loan fund advances using a 5.1% annuity interest rate, with the exception of spend to save schemes where the funding/income profile method could be used;

3.    the proposed asset repayment periods as detailed within section 2.7 of the Treasury Management Strategy Statement; and

4.    the ability to continue to use countries with a sovereign rating of AA- and above, as recommended by the Council’s external treasury management advisors.

(Reference:  Report by Section 95 Officer dated 9 February 2023, submitted)