Capital, Investment and Treasury Management Strategies EXE21-004.
Reporting Person – Leigh Clarke
The Executive received a report which set out the Council’s Capital, Investment and Treasury Management Strategies for 2021-22 and recommended to Council that the Treasury Management Prudential Indicators and Minimum Revenue Provision (MRP) Strategy be adopted. Discussion ensued on debt profile and risk, an area highlighted in the Local Government Association (LGA) Peer Report. It was noted that the issue had been addressed in the report and the MRP Strategy. The Finance Director added that, as part of the final accounts process and audit of the Council’s Statement of Accounts, the Council was required to risk assess every loan in order to demonstrate recoverability. Repayment of loans to Freedom Leisure and Peacocks, and changes to Public Works Loan Board (PWLB) guidance, were also discussed.
That (i) the Treasury Management Strategy set out in the report be approved; and
REcommended to Council
That (ii) the Capital and Investment Strategies for 2021/22 be approved; and
(iii) the Treasury Management Prudential Indicators set out in table 1 of Section 4 of the Treasury Management Strategy and the MRP policy set out in Appendix A be approved, subject to any changes arising from consideration of the Investment Programme, revenue budgets and Revenue Support Grant Settlement.
Reason: To determine the Council’s Treasury Management Strategy for 2021/22 and to recommend to Council the Capital and Investment Strategies, Treasury Management Prudential Indicators and MRP Strategy to be adopted.