Reporting Person – Leigh Clarke
The Executive received a report which set out the Council’s Capital, Investment and Treasury Management Strategies for 2022-23 and recommended to Council that the Treasury Management Prudential Indicators and Minimum Revenue Provision (MRP) Strategy be adopted. Members discussed the risks facing the Council’s financial position, such as rising interest rates and the risk of inflation. The Leader confirmed that the Council was aware of the risks facing the Council and commented on the timeliness of the EY report and the planned review of the Thameswey companies, noting that it was important to find mitigations to identified risks. The Portfolio Holder added that the key to the Council’s financial success was the success of the Borough in attracting income from businesses and visitors.
That (i) the Treasury Management Strategy set out in the report be approved; and
REcommended to Council
That (ii) the Capital and Investment Strategies for 2022/23 be approved; and
(iii) the Treasury Management Prudential Indicators set out in table 1 of Section 4 of the Treasury Management Strategy and the MRP policy set out in Appendix A be approved, subject to any changes arising from consideration of the Investment Programme, revenue budgets and Government Funding Settlement.
Reason: To determine the Council’s Treasury Management Strategy for 2022/23 and to recommend to Council the Capital and Investment Strategies, Treasury Management Prudential Indicators and MRP Strategy to be adopted.