Issue - meetings

Treasury Management Strategy

 

 

Meeting: 14/02/2018 - Cabinet (Item 80)

80 Treasury Strategy 2018/19 to 2022/23 pdf icon PDF 183 KB

Report of the Deputy Section 151 Officer attached.

Decision:

RESOLVED (Unanimously):

 

That Council be recommended to approve

 

·         the Prudential Indicators for 2018/19 to 2022/23 in paragraphs 9.2, 9.3, 9.5, and 9.6.

·         the annual Minimum Revenue Policy (MRP) statement in paragraph 9.4.

·         the Treasury Strategy, and Treasury Indicators for 2018/19 to 2022/23 in paragraphs 10.6, 10.7 and 11.4.

·         the Annual Investment Strategy including Investment Counterparties in section 11.

Minutes:

The Deputy Section 151 Officer presented the Prudential and Treasury Indicators and Treasury Management and Investment Strategies for 2018/19 to 2022/23, and the Minimum Revenue Policy Statement for 2018/19. The Treasury Strategy was aligned to the Capital Strategy and its delivery within the Council’s ambitious Corporate Plan. Whilst there were anticipated changes to the requirements by the Chartered Institute of Public Finance and Accountancy (CIPFA), the Council was currently fully compliant. 

 

Decision Made (Unanimously):

 

That Council be recommended to approve

 

·         the Prudential Indicators for 2018/19 to 2022/23 in paragraphs 9.2, 9.3, 9.5, and 9.6.

·         the annual Minimum Revenue Policy (MRP) statement in paragraph 9.4.

·         the Treasury Strategy, and Treasury Indicators for 2018/19 to 2022/23 in paragraphs 10.6, 10.7 and 11.4.

·         the Annual Investment Strategy including Investment Counterparties in section 11.

 

Reasons for the Decision:

 

The Treasury Strategy and associated documents are designed to ensure compliance with all relevant regulations and statutory codes of practice.

 

Alternative Options Considered and Rejected:

 

No alternative as the Treasury Strategy ensures the Council complies with the requirements for good governance procedures for self-regulation as set out in the CIPFA Prudential code and Treasury Management Code of Practice. These have been in place since April 2004, following the Local Government Act 2003 which introduced a new system of capital expenditure and borrowing.