Issue - meetings

Treasury Management Annual Report 2022-23

Meeting: 14/06/2023 - Policy and Resources Committee (Item 10)

10 Treasury Management Annual Report 2022-23 pdf icon PDF 649 KB

Additional documents:


The Director of Finance introduced the report which fulfilled the Council’s legal obligation under the Local Government Act 2003 to have regard to both the CIPFA Code and the Department for Levelling Up, Housing and Communities (DLUHC) Investment Guidance, by providing the annual Treasury Management Strategy Statement on likely financing and investment activity. The CIPFA Code also recommended that Members were informed of treasury management activities at least twice a year.


There was an underspend in the 2022/23 financial year on net Treasury activities of £0.126 million, which was attributable to lower debt management costs and an increase in investment returns. This underspend was incorporated into the Revenue Outturn report.


Further information was sought by members on benchmarking the Council’s risk appetite, borrowing to and from other Local Authorities and Environmental, Social and Governance investments.


Resolved – That the Treasury Management Outturn report for 2022/23 be noted.