Purpose

To receive an update on the Council's Treasury
Management strategy.

Content

RESOLVED that the Executive supported the Treasury Management Outturn Report
2022-23 and recommended it to Council and noted:
 
1)
that all approved indicators set out in the Treasury Management
Strategy have been adhered to; with the exceptions of;
• Internal borrowing
ratio.
• Ratio of financing costs to net
revenue stream – General Fund.
• Capital financing requirement
– HRA.
 
2)
As at the end of March 2023, the total external general fund debt
was £118m, which reduces to £68m after taking into
account cash balances (net indebtedness) reducing interest costs in
the current economic climate. This was an improved position from
the forecast at mid-year stage of £81m net indebtedness and
£72m at March 2022.