14 Treasury Management Strategy Statement and Annual Investment Strategy PDF 1 MB
Report by Interim Head of Financial ߣsirÊÓƵ
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Minutes:
The Committee gave consideration to a report seeking endorsement of the proposed Treasury Management Strategy Statement and Annual Investment Strategy, and which set out the policy for the repayment of loans fund advances for 2022-23.
Decision
The Audit and Scrutiny Committee agreed to:-
1. endorse the proposed Treasury Management Strategy Statement and Annual Investment Strategy and the indicators contained within;
2. note 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. note the proposed asset repayment periods as detailed within section 2.6 of the Treasury Management Strategy Statement; and
4. note 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.Ìý
(Reference:Ìý Report by Section 95 Officer, dated 10 February 2022, submitted)
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