Issue - meetings

Treasury Management Strategy Statement and Prudential Indicators

Meeting: 08/02/2018 - Executive (Item 132)

132 Treasury Management Strategy Statement and Prudential Indicators PDF 556 KB

The Deputy Chief Executive / Director of Customer & Corporate Services to present a report which asks Executive to recommend to Council the treasury management strategy and prudential indicators for the 2018/19 financial year.

Decision:

Recommended:That Council approve:

a) The proposed Treasury Management Strategy for 2018/19, including the annual investment strategy and the minimum revenue provision policy statement;

b) The Prudential Indicators for 2018/19 to 2022/23 detailed in the body of the report;

c) The specified and non-specified investments schedule at Annex B;

d) The scheme of delegation and the role of the Section 151 Officer in 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.

Minutes:

The Deputy Chief Executive / Director of Customer & Corporate Services presented a report which asked Executive to recommend to Full Council the Treasury Management Statement and Prudential Indicators for the 2018/19 financial year.

This regular annual report covered the council’s capital plans (including prudential indicators), minimum revenue provision policy, treasury management strategy and annual investment strategy.

It was reported that CIPFA (Chartered Institute of Public Finance & Accountancy) had issued revised Prudential and Treasury Management Codes requiring all local authorities, as from 2019/20, to prepare an additional Capital Strategy report including an overview of how activity contributed to service provision, the management of associated risk and implications for future financial sustainability. Most of this was already covered by the existing Capital Strategy report (item 12 on the agenda), but Officers would continue to review the information provided to ensure it complied with statutory guidance.