Issue - meetings

Executive Board considered the attached report:-

RESOLVED: That Council be recommended to adopt the policies, strategies, statements and prudential and treasury indicators outlined in the report.

The Executive Board had considered a report which proposed the Treasury Management Strategy for 2015/16, appended to the report and which detailed the following:

·       Reporting requirements;

·       Treasury Management issues;

·       Capital Prudential Indicators 2015/16  to 2017/18;

·       Borrowing;

·       Annual Investment Strategy; and

·       Minimum Revenue Provision.

RESOLVED: That the policies, strategies, statements and prudential and treasury indicators outlined in the report, be adopted.

The Board considered a report of the Operational Director, Finance, proposing the Treasury Management Strategy Statement (TMSS) which incorporated the Annual Investment Strategy (AIS) and the Minimum Revenue Provision (MRP) Strategy for 2015/16.

The TMSS was attached to the report and detailed the expected activities of the Treasury function in the forthcoming financial year (2015/16).

The Local Government Act 2003 required the Council to “have regard to” the Prudential Code and to set Prudential Indicators for the next three years to ensure that the Council’s capital investment plans were affordable, prudent and sustainable. The Act therefore required the Council to set out its treasury strategy for borrowing as well as an AIS, which set out the Council’s policies for managing its investments and for giving priority to the security and liquidity of those investments. However, Government guidance stated that authorities could combine the statement and the strategy into one report, and the Council had adopted this approach.

Members noted that the production of a Minimum Revenue Provision Policy Statement was required and a formal statement for approval was contained within the report at paragraph 2.3, with Appendix A detailing MRP in more detail.

          RESOLVED: That Council be recommended to adopt the policies, strategies, statements and prudential and treasury indicators outlined in the report.