75 Treasury Management Strategy Statement 2021-22 PDF 226 KB
Minutes:
The Board
considered the Treasury Management Strategy Statement, (TMSS) which
incorporated the Annual Investment Strategy (AIS) and the Minimum revenue
Provision (MRP) Strategy for 2021/22.
The TMSS was appended to the report and detailed the expected activities
of the treasury function in the forthcoming financial year (2021/22). Its production and submission to Council was
a requirement of the CIPFA Prudential Code and the CIPFA Treasury Management
Code.
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 and
to prepare 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.
Government guidance notes stated that authorities could combine the TMSS
and the AIS into one report, which the Council had done and was included in
Section 4.
Members
noted that the provision 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 the full policy shown in Appendix A.
RESOLVED:
That Council be recommended to adopt the policies,
strategies, statements, prudential and treasury indicators outlined in the
report.