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Shropshire Council
Shirehall
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Shrewsbury
Shropshire
SY2 6ND

Decision details

Treasury Strategy 2019 - 2020

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes

Purpose:

The Leader introduced a report from the Director of Finance, Governance and Assurance, proposing the Treasury Strategy for 2019//20 and recommending Prudential and Treasury Indicators for 2019/20 to 2021/22. 

Decision:

RESOLVED:

 

That Cabinet recommends that Council:-

 

a)    Approve, with any comments, the Treasury Strategy for 2019/20.

 

b)    Approve, with any comments, the Prudential Indicators, set out in Appendix 1, in accordance with the Local Government Act 2003.

 

c)     Approve, with any comments, the Investment Strategy, set out in Appendix 2 in accordance with the CLG Guidance on Local Government Investments.

 

d)    Approve, with any comments, the Minimum Revenue Provision (MRP) Policy Statement, set out in Appendix 3.

 

e)    Authorise the Section 151 Officer to exercise the borrowing powers contained in Section 3 of the Local Government Act 2003 and to manage the Council’s debt portfolio in accordance with the Treasury Strategy.

 

f)      Authorise the Section 151 Officer to use other Foreign Banks which meet Link’s creditworthiness policy as required. 

 

Publication date: 14/02/2019

Date of decision: 13/02/2019

Decided at meeting: 13/02/2019 - Cabinet

Effective from: 21/02/2019

Accompanying Documents:

 

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