Issue - meetings

Report E/20/35 outlines the Treasury Management Strategy.

The Lead Executive Member for Finance and Resources presented the report which outlined the Council’s Treasury Management Strategy.

The Lead Executive Member for Finance and Resources explained that the strategy took into account new rules that prevented Public Works Loans Board borrowing for yield and added that the Council had no plans to invest in yield however this was kept under review.

RESOLVED:

To recommend to Council that:

i)             The Operational Borrowing Limit for 2021/22 is set at £73m

ii)            The Authorised  Borrowing Limit for 2021/22 is set at £78m

iii)          Councillors delegate authority to the Chief Finance Officer to effect movement within the agreed authorised boundary limits for long-term borrowing for 2021/22 onwards.

iv)          Councillors delegate authority to the Chief Finance Officer to effect movement within the agreed operational boundary limits for long-term borrowing for 2021/22 onwards.

v)            The treasury management strategy statement 2021/22 be approved.

vi)          The minimum revenue provision policy statement for 2021/22 be approved.

vii)         The treasury management investment strategy for 2021/22 be approved.

viii)       The prudential indicators for 2021/22 which reflect the capital expenditure plans which are affordable, prudent and sustainable be approved.

ix)          The Capital Strategy for 2021/22 be approved.

REASON FOR DECISION:

To ensure the Council’s Treasury Management Strategy and associated policies are prudent and affordable.