Issue - meetings
Treasury Management and Prudential Indicators 2022/23, Capital Strategy & Investment Strategy
Meeting: 03/02/2022 - Lewes District Council Cabinet (Item 52)
Report of Chief Finance Officer
Lead Cabinet member: Councillor Zoe Nicholson
Additional documents:
- Treasury Management and Prudential Indicators 2022/23, Capital Strategy & Investment Strategy - Appendices, item 52
PDF 2 MB
- Recommendation from Policy and Performance Advisory Committee - Treasury Management and Prudential Indicators 2022/23, Capital Strategy & Investment Strategy, item 52
PDF 145 KB
Decision:
Recommended to Full Council (Budget and policy framework):
(1) To approve the Treasury Management Strategy and Annual Investment Strategy for 2022/23 as set out at Appendix A to the report.
(2) To approve the Minimum Revenue Provision Policy Statement 2022/23 as set out at paragraph 8 in the report.
(3) To approve the Prudential and Treasury Indicators 2022/23 to 2024/25, as set out at paragraph 6 in the report.
(4) To approve the Capital Strategy set out at Appendix E to the report.
Minutes:
The Cabinet considered the report of the Chief Finance Officer, asking it to recommend to Full Council, the Council’s Annual Treasury Management Strategy, Capital Strategy and Investment Strategy together with the Treasury and Prudential Indicators.
The Deputy Chief Finance Officer updated Cabinet on its approach to ethical investments. Further details were contained at 7.13 of Appendix A. The Council would continue to be updated as progress was made.
Policy and Performance Advisory Committee (PPAC), held on 27 January 2022, considered the report and was supportive of the officer recommendations in full. Councillor Linington, Leader of the Opposition, was in attendance to present PPAC’s discussion.
Recommended to Full Council (Budget and policy framework):
(1) To approve the Treasury Management Strategy and Annual Investment Strategy for 2022/23 as set out at Appendix A to the report.
(2) To approve the Minimum Revenue Provision Policy Statement 2022/23 as set out at paragraph 8 in the report.
(3) To approve the Prudential and Treasury Indicators 2022/23 to 2024/25, as set out at paragraph 6 in the report.
(4) To approve the Capital Strategy set out at Appendix E to the report.
Reason for decisions:
It is a requirement within the budget setting process for the Council to review and approve the Prudential and Treasury indicators, Treasury Strategy, Capital Strategy and Investment Strategy.