Councillor Cutler (Cabinet Member for Finance and Performance) moved that the recommended minute of Cabinet be approved and adopted (seconded by Councillor Tod, Leader and Cabinet Member for Asset Management).
Council proceeded to ask questions and then debate the matters in the recommended minute and report.
RESOLVED:
That the recommended minute of Cabinet held 8 February 2024 (as follows) be approved and adopted:
1. That the Treasury Management Strategy Statement which includes the Annual Treasury Investment Strategy for 2024/25 (and the remainder of 2023/24) be approved;
2. That authority be delegated to the Section 151 Officer to manage the Council’s pooled property investment 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 Deputy Chief Executive and 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 Cabinet recommends to Council*:
1. That the Treasury Management Strategy Statement which includes the Annual Treasury Investment Strategy for 2024/25 (and the remainder of 2023/24) be approved;
2. That authority be delegated to the Section 151 Officer to manage the Council’s pooled property investment 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 Deputy Chief Executive and 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.