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Issue - meetings

Treasury Management Strategy Statement and Prudential Indicators

Meeting: 13/02/2020 - Executive (Item 101)

101 Treasury Management Strategy Statement and Prudential Indicators pdf icon PDF 783 KB

The Head of Corporate Finance & Commercial Procurement to present a report which asks Executive to recommend to Council the treasury management strategy and prudential indicators for the 2020/21 financial year.

Decision:

Recommended:  That Council approve:

a)           The proposed treasury management strategy for 2020/21, including the annual investment strategy and the minimum revenue provision policy statement;

b)           The proposed addition of ethical, social and governance as a fourth criterion for investments after security, liquidity and yield, as set out in paragraphs 78-82 of the report;

c)           The prudential indicators for 2020/21 to 2024/25 in the body of the report;

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

e)           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 to ensure that all council borrowing is prudent, affordable and sustainable.

Minutes:

The Interim s151 Officer presented a report which sought approval for the treasury management strategy and prudential indicators for the 2020/21 financial year.

 

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

 

Officers reported the comments made by Audit & Governance Committee in scrutinising the report at their meeting on 5 February; namely, that the addition of ethical, social and governance as a 4th criterion for investments was a step in the right direction but more needed to be done.

 

Recommended:  That Council approve:

a)           The proposed treasury management strategy for 2020/21, including the annual investment strategy and the minimum revenue provision policy statement;

b)           The proposed addition of ethical, social and governance as a fourth criterion for investments after security, liquidity and yield, as set out in paragraphs 78-82 of the report;

c)           The prudential indicators for 2020/21 to 2024/25 in the body of the report;

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

e)           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 to ensure that all council borrowing is prudent, affordable and sustainable.


 

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