Issue - meetings

Councillor Max Schmid stated that this report would be debated and formally approved in over two weeks’ time at the Budget Council.

AGREED UNANIMOUSLY BY THE CABINET MEMBERS PRESENT:

1.    That approval be given to the future borrowing and investment strategies as outlined in this report.

2.    That the Director of Finance, in consultation with the Cabinet Member for Finance and Commercial Services, be delegated authority to manage the Council’s cash flow, borrowing and investments in 2022/23 in line with this report.

3.    In relation to the Council’s overall borrowing for the financial year, to approve the Prudential Indicators as set out in this report and the revised Annual Investment Strategy set out in Appendix E.