Agenda item

Report of the Chamberlain

The Board considered a report of the Chamberlain setting out the City Corporation’s Treasury Management Strategy Statement and Annual Investment Strategy (TMSS) for 2023/24, the board being responsible for approving the TMSS on behalf of BHE. The Chamberlain introduced the report and drew Members’ attention to the key points, also advising that an amendment to the title had been agreed by the Financial Investment Board, to add ‘(relating to Treasury Management)’ to follow Annual Investment Strategy, for the sake of clarity. The Board noted and endorsed this amendment.

A Member commented that he felt BHE approval of the Strategy should be streamlined, given its local authority focus and limited relevance to the charity. The Chair suggested that the Board give its approval on this occasion and undertake to review this process ahead of next year.

RESOLVED – That the BHE Board approve, as amended, the Treasury Management Strategy Statement and Annual Investment Strategy (Relating to Treasury Management) for 2023/24 on behalf of Bridge House Estates.