Issue - meetings

Report of the Chief Financial Officer regarding the Council’s current and proposed treasury management strategy for the coming year, attached.

The report of the Chief Financial Officer was submitted regarding the Council’s current and proposed treasury management strategy for 2016/17 to 2018/19.

RESOLVED

(i)  that the Council’s Treasury Management (TM) Strategy and Prudential Indicators for 2016/17, 2017/18 and 2018/19, as detailed within the report be approved;

(ii)  that the 2016 Minimum Revenue Provision (MRP) Statement as detailed in paragraphs 77 to 83 of the report be approved and that delegated authority be granted to the Chief Financial Officer (CFO) to approve any changes necessary that aid good financial management whilst maintaining a prudent approach;

(iii)  that the Annual Investment Strategy as detailed in paragraphs 38 to 57 of the report be approved;

(iv)  that it be noted that the indicators in the report have been based on the recommendations in the Capital update report being approved; and

(v)  that delegated authority continue to be granted to the Chief Financial Officer (CFO) to approve any changes to the Prudential Indicators or borrowing limits that will aid good treasury management. Any amendments would be reported as part of quarterly financial and performance monitoring and in revisions to the TM Strategy.

Report of the Council’s Chief Financial Officer detailing the context within which the Council's treasury management activity operates and setting out a proposed strategy for the coming year, attached.

The Committee considered the report of Council’s Chief Financial Officer detailing the context within which the Council's treasury management activity operates and setting out a proposed strategy for the coming year.

RESOLVED that the Committee:

(i)  endorsed the Treasury Management (TM) Strategy for 2016/17 as outlined in the report;

(ii)  endorsed the 2016 Minimum Revenue Provision (MRP) Statement as detailed in paragraphs 77 to 835;

(iii)  noted that the indicators as reported have been set on the assumption that the recommendations in the Capital update report will be approved by Council on 10 February 2016.  Should the recommendations change, the Prudential Indicators may have to be recalculated; and

(iv)  noted that due to the timing of this report, changes may still be required following the finalisation of capital and revenue budgets and therefore any significant changes to this report will be highlighted in the final version that is presented to Full Council.