Decision details

Reference from Audit Committee 19 February 2018 - Treasury Management Strategy, Annual Investment Strategy and Minimum Revenue Provision Policy Statement 2018/19

Decision Maker: Council

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: No

Purpose:

To present the Treasury Management Strategy Statement, Annual Investment Strategy and Minimum Revenue Provision Policy Statement

Decisions:

The Financial Services Manager submitted a report which required the Council to approve the proposed Treasury Management Strategy Statement & Investment Strategy for 2018/19, the Minimum Revenue Provision Policy Statement and the prudential and treasury indicators - including the Council’s Authorised Borrowing Limit, as was required by the provisions contained in the Local Government Act 2003, statutory guidance issued by the Department for Communities and Local Government and codes of practice issued by the Chartered Institute of Public Finance and Accountancy.

 

The report had been considered by Audit Committee on 19 February 2018. The Audit Committee had recommended that Council be requested to approve the recommendations within the report.

 

Councillor N Schofield moved the recommendations within the report. Councillor J Colhoun seconded the motion.

 

A vote was taken on the motion – the vote in favour was unanimous. The motion was carried.

 

Resolved

 

That the following be approved:

 

a)  the proposed Treasury Management Strategy Statement & Investment Strategy for 2018/19 (included in sections 2 and 3 of Appendix 1)

b)  the MRP Policy Statement (set out in section 4 of Appendix 1)

c)  the prudential and treasury indicators - including the Council’s Authorised Borrowing Limit (set out in Section 5 of Appendix 1).

 

Report author: Barry Lennox

Publication date: 08/03/2018

Date of decision: 07/03/2018

Decided at meeting: 07/03/2018 - Council

Accompanying Documents: