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Executive Councillor for Finance and Resources: Treasury Management Strategy Statement Report

Meeting: 24/02/2022 - Council (Item 4)

4 Executive Councillor for Finance and Resources: Treasury Management Strategy Statement Report 2022/23 to 2024/25 pdf icon PDF 203 KB

Additional documents:

Minutes:

Resolved (unanimously):

i.               To approve the officer’s report, including the estimated Prudential and Treasury Indicators for 2022/23 to 2025/26 (inclusive) as set out in Appendix C.

ii.             To approve the renewal of the £7.5 million loan to Cambridge City Housing Company Ltd (CCHC) for a further term of 5 years from 1 April 2022, at an interest rate of 2.02% per annum.

iii.            To introduce an authorised limit for other long-term liabilities of £2 million, in response to technical accounting changes brought about by the adoption of IFRS 16 (see 7.3 of the officer’s report).