13 TREASURY MANAGEMENT STRATEGY STATEMENT FOR 2025/26 PDF 217 KB
Dewi
Morgan, Head of Finance (CJC’s Statutory Finance Officer) and Sian Pugh,
Assistant Head of Finance to present the report.
Additional documents:
Decision:
To accept
the report which provided the Corporate Joint Committee's Treasury Management
Strategy Statement for 2025/26.
Minutes:
The report
was presented by Dewi Morgan, Head of Finance (CJC Statutory Officer) and Sian
Pugh, Assistant Head of Finance.
RESOLVED:
The
report which provided the Joint Corporate Committee's Treasury Management
Strategy Statement for 2025/26 was accepted.
DISCUSSION
The report
was submitted stating that treasury management decisions were made on a daily basis, and the Finance Department at Cyngor
Gwynedd was required to act in accordance with the approved Treasury Management
Strategy. The transfer of the Ambition Board to the CJC took place on 1 April
2025, and therefore the statement included the balance sheets of the CJC and
NWEAB.
It was
explained that the statement was based on the CIPFA Code and the Guide on Local
Authority Investments by the Welsh Government, and
therefore fulfilled the CJC's legal responsibility under the Local Government
Act 2003. It was explained that treasury management was about keeping an
abundance but not an excess of cash to meet the CJC's spending needs, managing
risks associated with striking the right balance between risk and returns. It
was expressed that in order to formulate this
Strategy, it was explained that the department had received expert advice from
treasury management advisors, Arlingclose. It was
explained that the investments were consistent with the type of investments
that Cyngor Gwynedd makes, and that there were limits to the amount allowed for
each institution to spread the risk.