Issue - meetings

This report asks Cabinet to make recommendations to Full Council for the approval of the Treasury Management Strategy and Prudential Indicators for the 2015/16 financial year.

Recommended:That Council approve;

·        The proposed Treasury Management Strategy for 2015/16 including the annual investment strategy and the minimum revenue provision policy statement;

·        The Prudential Indicators for 2015/16 to 2019/20 in the main body of the report;

·        The Specified and Non-Specified Investments schedule (Annex B)

·        The Scheme of Delegation and the Role of the Section 151 Officer (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:

·          Treasury management strategy statement for 2015/16 covering the two main areas of Capital Issues 2015/16 to 2019/20 and the treasury management strategy ;

·        Prudential indicators for 2015/16 to 2019/20

·        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.

Members highlighted recent comments by the external auditors of the Council’s strong financial management and financial control.

Recommended:That Council approve;

(i)           The proposed Treasury Management Strategy for 2015/16 including the annual investment strategy and the minimum revenue provision policy statement;

(ii)          The Prudential Indicators for 2015/16 to 2019/20 in the main body of the report;

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

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