This report provides an update on the activity of the Treasury Management function during the first half of the year for the period 1^st April 2022 to 30^th September 2022.

Stuart Donnelly, Financial Strategy & Planning Manager, submitted a report on the mid-year review of the Treasury Management Strategy.  The report provided an update on the activity of the Treasury Management function during the first half of the year for the period 1 April 2022 to 30 September 2022.  The report stated that the Council had not taken out any new external long-term borrowing during 2022/23 as at 30 September 2022 and had complied fully with its Treasury Management Strategy Statement (TMSS) as agreed by Council on 23 February 2022.  The changes to the Treasury Management Code, Prudential Code, Public Works Loan Board (PWLB) Lending Terms and regulations to improve enforcement of the duty of local authorities to make prudent Minimum Revenue Provision each year were set out in within section 11 of the report.  The report had appended the Economics Update; Investment Criteria & Limits; and Investment Portfolio for the Committee’s information.

Resolved:     That the Treasury Management Mid-Year report for 2022/23 be noted.