Issue - meetings

Report of Councillor Mattock on behalf of the Cabinet.

This matter was reported and proposed by Councillor Mattock on behalf of the Cabinet and seconded by Councillor Tutt.

Resolved: That the treasury management strategy and annual investment strategy; the methodology for calculating the minimum revenue provision; the prudential and treasury indicators and the specified and non-specified investment categories, as set out in the report to Cabinet on 3 February, be approved.

Report of Deputy Chief Executive and Chief Finance Officer.

Cabinet lead member:  Councillor Gill Mattock.

Full council, at meeting on 17 February 2016, recommended to approve:

(a) Treasury management strategy and annual investment strategy as set out in report;

(b) methodology for calculating the minimum revenue provision set out at paragraph 2.3 of report;

(c) prudential and treasury indicators as set out in report; and

(d) specified and non-specified investment categories listed in appendix 2 to report.

62.1 Cabinet considered the report of the chief finance officer seeking approval to the council’s borrowing and investment strategies in line with legislative and other regulatory requirements as described in the report.  The council was required to receive and approve, the prudential and treasury indicators and treasury strategy as part of the budget setting process each year. This covered:

·         The capital plans (including prudential indicators).

·         A minimum revenue provision policy (how residual capital expenditure was charged to revenue over time).

·         The treasury management strategy (how the investments and borrowings were to be organised) including treasury indicators.

·         An investment strategy (the parameters on how investments were to be managed).

* 62.2 Resolved (budget and policy framework): That full council, at their meeting on 17 February 2016, be recommended to approve the following:

(a) The treasury management strategy and annual investment strategy as set out in the report;

(b) the methodology for calculating the minimum revenue provision set out at paragraph 2.3 of the report;

(c) the prudential and treasury indicators as set out in the report; and

(d) the specified and non-specified investment categories listed in appendix 2 to the report.