Issue - meetings

The purpose of this report is to ask the Cabinet to recommend that Council approve the:

·     Integrated treasury management strategy

·     Prudential indicators for 2014/15 to 2018/19

·     Revised treasury management policy statement

·     Specified and non-specified investments schedule and

·     Treasury management scheme of delegation and role of the section 151 officer

Recommended:   That Council approve:

(i)           The proposed Treasury Management Strategy for 2014/15 including the annual investment strategy and the minimum revenue provision policy statement;

(ii)          The Prudential Indicators for 2014/15 to 2018/19 in the main body of the report;

(iii)        The Specified and Non-Specified Investments schedule at Annex B;

(iv)        The Scheme of Delegation and the Role of the Section 151 Officer at Annex D.

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

Consideration was given to a report which provided Members with information on the following which required Council approval:

·          Integrated treasury management strategy statement including the annual investment strategy and the minimum revenue provision policy statement;

·        Prudential indicators for 2014/15 to 2018/19

·        Revised treasury management policy statement

·        Specified and non-specified investments schedule at Annex B.

·        Treasury management scheme of delegation and role of the section 151 officer at Annex D of the report.

It was noted that the Council were required to receive, scrutinise via the Audit and Governance Committee and approve these reports each year

At a strategic level, there were a number of treasury management options available that depended on the Council’s stance on interest rate movements. The report set out the Council’s stance and recommended the setting of key trigger points for borrowing and investing over the forthcoming financial year.

Recommended:   That Council approve:

(i)           The proposed Treasury Management Strategy for 2014/15 including the annual investment strategy and the minimum revenue provision policy statement;

(ii)          The Prudential Indicators for 2014/15 to 2018/19 in the main body of the report;

(iii)        The Specified and Non-Specified Investments schedule at Annex B;

(iv)        The Scheme of Delegation and the Role of the Section 151 Officer at Annex D. ^1.

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