Decision details

Purpose of Report: To set out the treasury management strategy, including the annual investment strategy and the minimum revenue provision policy statement and prudential indicators.

Members are asked to recommend the strategy to full Council.

Recommended:That Council approve:

(i)           The proposed Treasury Management Strategy for 2016/17 including the annual investment strategy and the minimum revenue provision policy statement;

(ii)          The Prudential Indicators for 2016/17 to 2020/21 in the main body of the report;

(iii)        The Specified and Non-Specified Investments schedule (Annex B) of the report;

(iv)        The Scheme of Delegation and the Role of the Section 151 Officer (Annex D) of the report;

(v)         The Council’s entry into the Framework Agreement and its accompanying schedules for the Municipal Bonds Agency, including the joint and several guarantee;

(vi)        Delegation of authority to the Director of Customer and Business Support Services as Section 151 Officer and the Assistant Director for Governance and ICT as Monitoring Officer to sign those documents, as appropriate, on behalf of the Council;

(vii)    Granting the Section 151 Officer delegated authority to agree amendments to the Framework Agreement as appropriate.

Reason:   To enable the continued effective operation of the Treasury Management function and ensure that all Council borrowing is prudent, affordable and sustainable.