Issue - meetings

Executive Summary

This report sets out the Treasury Management activities undertaken during 2022/23 compared with the Treasury Management Strategy for the year.

Options Considered

This report must be prepared to be ensured members are aware of Treasury activities. It is also a requirement for the Council to comply with the CIPFA Treasury Management and Prudential Codes.

Consultation(s)

Link Treasury Services have provided the economic information in Appendix T associated with this report.

Recommendations

That Cabinet reviews and approves this report, with the recommendation that it is submitted it to Full Council for final approval.

Reasons for recommendations

This report requires approval by Full Council for the Authority to be compliant with the CIPFA Treasury Management and Prudential Codes.

Background papers

 This report refers to the Council’s Capital Strategy Report 2022/23 which was approved by Members on 31/01/2022.

 This report refers to the Council’s Treasury Management Strategy 2022/23 which was approved by Members on 23/02/2022.

Wards affected

All

Cabinet member(s)

Cllr Lucy Shires

Contact Officer

James Moore - Accountancy Assistant - James.Moore@north-norfolk.gov.uk

Links to key documents:

Corporate Plan:          

This report shows the Council’s current Treasury position against the cost of delivering its Capital Programme (CFR – Capital Financing Requirement). This shows the Council’s current ability to finance its current Capital Programme.

Medium Term Financial Strategy (MTFS)                                

This report supports the Medium Term Financial Strategy through protecting Council funds and cash flows, whilst minimizing borrowing costs.

 This report shows the Council’s Investment and Borrowing position against the Council’s Capital Financing Requirement, showing the net debt position of the Authority as at the end of the financial year.

Council Policies & Strategies

This report refers to the Council’s Capital Strategy Report 2022/23 which was approved by Members on 31/01/2022.

 This report refers to the Council’s Treasury Management Strategy 2022/23 which was approved by Members on 23/02/2022.

Corporate Governance:

Is this a key decision 

No

Has the public interest test been applied

This report is available to the public.

Details of any previous decision(s) on this matter

This is an annual report on the Council’s current Treasury position.