During the financial year the minimum
reporting requirements, as required by regulations issued under the
Local Government Act 2003, are that the full Council should receive
the following reports:
• an annual treasury strategy in advance of the year,
• a mid-year, (minimum), treasury update report (this report)
and
• an annual review following the end of the year describing
the activity compared to the strategy.
This report updates members on Treasury Management activities
during 2022/23 (mid year treasuryupdate report) and details the
Treasury Management Strategy recommended to be adopted for 2023/24
(annual treasury strategy). The report meets the requirements of
both the CIPFA Code of Practice on Treasury Management, (the Code),
and the CIPFA Prudential Code for Capital Finance in Local
Authorities, (the Prudential Code).
Decision type: Non-key
Decision status: For Determination
Wards affected: (All Wards);
Explanation of anticipated restriction:
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Decision due: 24 Jan 2023 by Audit Committee
Lead member: Cllr Rae Evans - Cabinet Member: Finance, Governance and Customer Services
Lead director: Ken Clarke - Director: Finance & Human Resources
Department: Finance & Human Resources
Contact: Edward Rushton, Group Accountant Email: edward.rushton@telford.gov.uk.