Agenda item

Reporting Person – Leigh Clarke

The Executive received a report which set out the Council’s Treasury Management Strategy for 2020-21 and recommended to Council that the Treasury Management Prudential Indicators and Minimum Revenue Provision (MRP) Strategy be adopted.  Following a question regarding Table 1 in the Investment Strategy Report, Officers confirmed that the Council had historically held a small number of local residents’ mortgages.  It was noted that the Council had provided mortgages to a small number of Sheerwater residents as part of the Sheerwater Regeneration.

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 2020/21 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 2020/21 and to recommend to Council the Capital and Investment Strategies, Treasury Management Prudential Indicators and MRP Strategy to be adopted.