Issue - meetings

Treasury Management Strategy Statement 2016/17

 

 

Meeting: 02/03/2016 - Council (Item 72)

72 Treasury Management Strategy Statement 2016/17 (Minute EXB 110 refers) pdf icon PDF 702 KB

Executive Board considered the attached report.

 

RECOMMENDED: That Council adopt the policies, strategies, statements and prudential and treasury indicators outlined in the report.

Minutes:

          Executive Board had considered a report of the operational Director, Finance, on the proposed Treasury Management Statement, incorporating the Annual Investment Strategy and the Minimum Revenue Provision Strategy for 2016/17.

 

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

Meeting: 11/02/2016 - Executive Board (Item 110)

110 Treasury Management Strategy Statement 2016/17 pdf icon PDF 702 KB

Minutes:

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 2016/17.

 

The TMSS was attached to the report and detailed the expected activities of the Treasury function in the forthcoming financial year (2016/17).

 

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 Annual Investment Strategy, 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 the full policy and Appendix B detailing the changes in the policy for 2016/17.

 

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