Issue - meetings
Capital, Investment and Treasury Management Strategies
Meeting: 11/02/2021 - Council (Item 9)
Capital, Investment and Treasury Management Strategies EXE21-004.
Additional documents:
Meeting: 04/02/2021 - Executive (Item 9)
9 Capital, Investment and Treasury Management Strategies EXE21-004 PDF 72 KB
Reporting Person – Leigh Clarke
Additional documents:
- EXE21-004 Capital Strategy 2021-22, item 9 PDF 150 KB
- EXE21-004 Investment Strategy 2021-22, item 9 PDF 183 KB
- EXE21-004 Treasury Management Strategy and Prudential Indicators 2021-22, item 9 PDF 175 KB
- EXE21-004 Treasury Management Strategy Appendix A Minimum Revenue Provision, item 9 PDF 62 KB
- EXE21-004 Treasury Management Strategy Appendix B Interest Rate Forecasts, item 9 PDF 56 KB
- EXE21-004 Treasury Management Strategy Appendix C Economic Background, item 9 PDF 138 KB
- EXE21-004 Treasury Management Strategy Appendix D Specified and Non Specified Investments, item 9 PDF 85 KB
- EXE21-004 Treasury Management Strategy Appendix E Approved Countries for Investments, item 9 PDF 46 KB
- EXE21-004 Treasury Management Strategy Appendix F Treasury Management Policy Statement, item 9 PDF 41 KB
- EXE21-004 Treasury Management Strategy Appendix G Treasury Management Scheme of Delegation, item 9 PDF 47 KB
- EXE21-004 Treasury Management Strategy Appendix H Treasury Management Role of the Section 151 Officer, item 9 PDF 46 KB
- EXE21-004 Treasury Management Strategy Appendix I Long Term Borrowing Maturity Profile, item 9 PDF 36 KB
- Webcast for Capital, Investment and Treasury Management Strategies EXE21-004
Minutes:
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.
RESOLVEd
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.