Issue - meetings

Report of the Head of Finance

The committee received a report of the Head of Finance providing details of the Treasury Management Policy for 2022/23.

The Head of Finance introduced the report.  She advised that the Treasury Management Strategy 2022/23 would be presented for approval to Council early next year and a draft was being shown to the committee for their information. The report was similar to last year’s document however she highlighted that there were expected updates to the code of practice guidance in December.  There would be a soft implementation of any changes in 2022/23 as they were expected after local authorities’ policies had been through committee.  Full implementation would therefore be expected in 2023/24.

In response to a question from the chair, the Head of Finance clarified that there was not an expectation to raise the threshold of borrowing next year.

RESOLVED –

that the report is noted.