Lewes District and Eastbourne Borough Councils' logo

Lewes and Eastbourne
Councils

Issue - meetings

Investment strategy

Meeting: 20/02/2019 - Eastbourne Borough Council Full Council (Item 50)

50 Treasury management and prudential indicators 2019/20, capital strategy and investment strategy pdf icon PDF 107 KB

Report of Councillor Holt on behalf of the Cabinet.

 

Minutes:

Councillor Holt moved and Councillor Tutt seconded the recommendations of the Cabinet. 

 

Resolved (15 votes to 7)  

(1) To approve the treasury management strategy and annual investment strategy as set out in the Cabinet report and at appendix 4 to the report.

(2) To approve the methodology for calculating the minimum revenue provision as set out at paragraph 2.3 of the Cabinet report and at appendix 2 to the report.

(3) To approve the prudential and treasury indicators as set out in the Cabinet report.

(4) To approve the specified and non-specified investment categories listed at appendix 5 to the Cabinet report.

(5) To approve the Capital Strategy as set out at appendix 1 to the Cabinet report.


Meeting: 06/02/2019 - Eastbourne Borough Council Cabinet (Item 58)

58 Treasury management and prudential indicators 2019/20, capital strategy and investment strategy pdf icon PDF 284 KB

Report of Chief Finance Officer

Lead Cabinet member: Councillor Stephen Holt

Decision:

(Non-key decision):

 

(1) To note the extended role of the Chief Finance Officer as set out at appendix 7 to the report.

 

Recommended to Council (Budget and policy framework):

 

(2) To approve the treasury management strategy and annual investment strategy as set out in the report and at appendix 4.

 

(3) To approve the methodology for calculating the minimum revenue provision as set out at paragraph 2.3 of the report and at appendix 2

 

(4) To approve the prudential and treasury indicators as set out in the report.

 

(5) To approve the specified and non-specified investment categories listed at appendix 5.

 

(6) To approve the capital strategy as set out at appendix 1 to the report.

Minutes:

The Cabinet considered the report of the Chief Finance Officer, regarding the Council’s annual treasury management strategy, capital strategy and investment strategy, in addition to the treasury and prudential indicators for the next financial year.

 

The Cabinet were assured that the council’s borrowing and investment activity had been compliant with the regulations and there had been no breach of policy.

 

Resolved (Non-key decision):

 

(1) To note the extended role of the Chief Finance Officer as set out at appendix 7 to the report.

 

Recommended to Council (Budget and policy framework):

 

(2) To approve the treasury management strategy and annual investment strategy as set out in the report and at appendix 4 to the report.

 

(3) To approve the methodology for calculating the minimum revenue provision as set out at paragraph 2.3 of the report and at appendix 2 to the report.

 

(4) To approve the prudential and treasury indicators as set out in the report.

 

(5) To approve the specified and non-specified investment categories listed at appendix 5 to the report.

 

(6) To approve the Capital Strategy as set out at appendix 1 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.