Councillor Power (Cabinet Member for Finance and Value) moved that the recommended minute of Cabinet be approved and adopted (seconded by Councillor Cutler).
Council proceeded to ask questions and debate the matters in the recommended minute of Cabinet and the report.
RESOLVED:
That the recommended minute of Cabinet held 9 February 2023 (as follows) be approved and adopted:
1. That the Treasury Management Strategy Statement which includes the Annual Treasury Investment Strategy for 2023/24 (and the remainder of 2022/23) be approved;
2. That authority is delegated to the Section 151 Officer to manage the council’s high yielding investments portfolio and long-term borrowing according to the Treasury Management Strategy Statement as appropriate; and
3. That authority be delegated to the Section 151 Officer, who in turn discharges this function to Hampshire County Council’s Director of Corporate Operations, as agreed in the Service Level Agreement, to manage all council investments (other than the high yield portfolio) and short-term borrowing according to the Treasury Management Strategy Statement as appropriate.
That it be recommended to Council*:
1. That the Treasury Management Strategy Statement which includes the Annual Treasury Investment Strategy for 2023/24 (and the remainder of 2022/23) is approved;
2. That authority is delegated to the Section 151 Officer to manage the council’s high yielding investments portfolio and long-term borrowing according to the Treasury Management Strategy Statement as appropriate; and
3. That authority is delegated to the Section 151 Officer, who in turn discharges this function to Hampshire County Council’s Director of Corporate Operations, as agreed in the Service Level Agreement, to manage all council investments (other than the high yield portfolio) and short-term borrowing according to the Treasury Management Strategy Statement as appropriate
*NB recommendations to Council are not subject to call-in.