Issue - meetings
Treasury Management and Prudential Indicators 2021/22, Capital Strategy & Investment Strategy
Meeting: 04/02/2021 - Lewes District Council Cabinet (Item 44)
Report of Chief Finance Officer
Lead Cabinet member: Councillor Zoe Nicholson
Additional documents:
- Treasury Management and Prudential Indicators 2021/22, Capital Strategy & Investment Strategy - Appendix 1, item 44
PDF 2 MB
- Recommendation from Policy and Performance Advisory Committee - Treasury Management and Prudential Indicators 2021/22, Capital Strategy & Investment Strategy, item 44
PDF 134 KB
Decision:
Recommended to Full Council (Budget and policy framework):
(1) To approve the Treasury Management Strategy and Annual Investment Strategy for 2021/22 as set out at appendix A to the report.
(2) To approve the Minimum Revenue Provision Policy Statement 2021/22 as set out at paragraph 8 in the report.
(3) To approve the Prudential and Treasury Indicators 2021/22 to 2023/24, as set out at paragraph 6 in the report.
(4) To approve the Capital Strategy set out at appendix E to the report.
Minutes:
The Cabinet considered the report of the Chief Finance Officer, seeking approval of the Council’s Annual Treasury Management Strategy, Capital Strategy, and Investment Strategy, together with the Treasury and Prudential Indicators for the next financial year.
Councillor Nicholson reported that work had been undertaken to revise the strategy to reflect the administration’s environmental and sustainability objectives. Thanks, were conveyed to Ola Owolabi, Deputy Chief Finance Officer for his work in producing the report.
Policy and Performance Advisory Committee (PPAC), held on 25 January 2021, considered the report and were supportive of the recommendations in full. Councillor Burman, was in attendance to present PPAC’s discussion. Visiting member, Councillor Peterson also addressed the Cabinet and expressed thanks to officers.
Recommended to Full Council (Budget and policy framework):
(1) To approve the Treasury Management Strategy and Annual Investment Strategy for 2021/22 as set out at appendix A to the report.
(2) To approve the Minimum Revenue Provision Policy Statement 2021/22 as set out at paragraph 8 in the report.
(3) To approve the Prudential and Treasury Indicators 2021/22 to 2023/24, as set out at paragraph 6 in 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.