Issue - meetings
Treasury Strategy
Meeting: 13/02/2019 - Cabinet (Item 149)
149 Treasury Strategy 2019 - 2020 
PDF 219 KB
Lead Member – Councillor D Minnery – Portfolio Holder for Finance
Report of the Head of Finance, Governance and Assurance (Section 151)
Contact: James Walton Tel: 01743 253705
Additional documents:
- TreasManStrat1920Appx1Council, item 149
PDF 94 KB
- TreasManStrat1920 Appx2, item 149
PDF 122 KB
- TreasManStratspec&NonSpecInv1920 Appendix 2a Council, item 149
PDF 132 KB
- Appendix 3 - MRP Statement 2019-20, item 149
PDF 115 KB
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.
Minutes:
The Leader introduced a report of the Director of Finance, Governance and Assurance proposing the Treasury Strategy for 2019/20 and recommending the Prudential and Treasury Indicators for 2019/20 to 2021/22.
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.