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 Committee gave consideration to a report seeking approval of the proposed Treasury Management Strategy Statement and Annual Investment Strategy.Ìý 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:Ìý Report by Section 95 Officer dated 9 February 2023, submitted)
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