Issue - meetings

Report of Councillor Holt on behalf of Cabinet.  Referred from Cabinet on 5 February 2020.

The Mayor advised that this item was no longer required, as the recommendations had already been incorporated and voted upon above as part of the ‘Council Budget and Setting of the Council Tax for 2020-21’.

Report of Chief Finance Officer

Lead Cabinet member: Councillor Stephen Holt

Recommended to Full Council (Budget and policy framework):

(1) To approve the Treasury Management Strategy and Annual Investment Strategy for 2020/21 as set out at Appendix A to the report;

(2) To approve the Minimum Revenue Provision Policy Statement 2020/21 as set out at paragraph 8 of the report;

(3) To approve the Prudential and Treasury Indicators 2020/21 to 2022/23, as set out at paragraph 6 of the report;

(4) To approve the Capital Strategy set out at Appendix E to the report.

The Cabinet considered the report of the Chief Finance Office regarding the Council’s annual treasury management strategy, capital strategy and investment strategy together with the treasury and prudential indicators for the next financial year.

Ola Owolabi, Deputy Chief Finance Officer presented the report and was welcomed to his first meeting of the Cabinet.

Recommended to Full Council (Budget and policy framework):

(1) To approve the Treasury Management Strategy and Annual Investment Strategy for 2020/21 as set out at Appendix A to the report;

(2) To approve the Minimum Revenue Provision Policy Statement 2020/21 as set out at paragraph 8 of the report;

(3) To approve the Prudential and Treasury Indicators 2020/21 to 2022/23, as set out at paragraph 6 of the report;

(4) To approve the Capital Strategy set out at Appendix E to the report.

Reason for decisions:

It is a requirement of the budget setting process for the Council to review and approve the Prudential and Treasury indicators, Treasury Strategy, Capital Strategy and Investment Strategy.