Decision Maker: Council
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: No
To present the Treasury Management Strategy
Statement, Annual Investment Strategy and Minimum Revenue Provision
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.
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