Issue - meetings

Report of the Chief Financial Officer regarding the Council’s proposed treasury management strategy for the coming year in relation to the Council’s cash flow, investment and borrowing, and the management of the numerous risks related to this activity, attached.

The report of the Chief Financial Officer was submitted regarding the Council’s proposed treasury management strategy for the coming year in relation to the Council’s cash flow, investment and borrowing, and the management of the numerous risks related to this activity (copy of report circulated with agenda and appended to signed minutes).

RESOLVED:

(i)  that the Council’s Treasury Management (TM) Strategy and Prudential Indicators for 2015/16, 2016/17 and 2017/18, as detailed within the report, be approved;

(ii)  that the 2015 Minimum Revenue Provision (MRP) Statement, as detailed in paragraphs 68 to 77 of the report, be approved;

(iii)  that the Annual Investment Strategy, as detailed in paragraphs 37 to 48 of the report, be approved;

(iv)  that it be noted that at the time of writing the report the recommendations in the Capital Programme Update report, had not been approved. The indicators in the report were based on the assumption that such recommendations would be approved, but should this not be the case, the Prudential Indicators may have to be recalculated; and

(v)  that delegated authority continue to be delegated to the Chief Financial Officer (CFO), following consultation with the Cabinet Member for Resources and Leisure, 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 Chief Financial Officer regarding the Council’s proposed treasury management strategy for the coming year in relation to the Council’s cash flow, investment and borrowing, and the management of the numerous risks related to this activity, attached.

The Committee considered the report of the Chief Financial Officer regarding treasury management activity and proposals for cash flow, investment and borrowing for the following year.

RESOLVED that:-

(i)  the Treasury Management strategy for 2015/16 as outlined in the report be endorsed;

(ii)  following recommendations in the Capital Update report to Council on 11 February 2015, the possible need to recalculate the Prudential indicators be noted; and

(iii)  following the finalisation of the capital and revenue budgets report due at Council, the possible need to make changes be noted.