6 TREASURY MANAGEMENT STRATEGY STATEMENT AND ANNUAL INVESTMENT STRATEGY PDF 1 MB
Report by Section 95 Officer
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Additional documents:
Minutes:
The Council gave consideration to a report which
sought approval of the proposed Treasury Management Strategy Statement and
Annual Investment Strategy which set out the Council’s Strategy for borrowing and
investment for the forthcoming year. The report also set out the policy for the
repayment of loans fund advances for 2022-23 which had been referred without
recommendation by the Policy and Resources Committee held on 17 February 2022.
Decision
- Approve
the proposed Treasury Management Strategy Statement and Annual Investment
Strategy and the indicators contained within. Note that the figures within
the Strategy will be updated to reflect the budget decisions agreed at
Council.
- Approve
the continued use of the asset life method for the repayment of loan fund
advance using a 5.1% annuity interest rate, with the exception of spend to
save schemes where the funding/income profile method could be used.
- Approve
the proposed asset repayment periods as detailed within section 2.6 of the
Treasury Management Strategy Statement.
- Approve
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.
(Ref: Report by Section 95 Officer dated 10 February 2022
submitted)
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