RECOMMENDATIONS TO COUNCIL

1.    That the treasury management activities for 2022/23 be approved.

2.    That the prudential and treasury indicators for 2022/23 be approved.

Reasons:

1.    The regulatory framework governing treasury management activities includes a requirement that the Council should produce an annual review of treasury activities undertaken in the preceding financial year. It must also report the performance against the approved prudential indicators for the year.

2.    This report fulfils the requirement above and incorporates the needs of the Prudential Code to ensure adequate monitoring of capital expenditure plans and the Council’s prudential indicators. The treasury strategy and prudential indicators for 2022/23 were contained in the report approved by Council on 24th February 2022.