Decision details
Treasury Strategy 2017/18
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
The Leader of the Council and Portfolio Holder for Strategy, Financial Strategy, Budget and Business Plan presented a report by the Head of Finance, Governance and Assurance (Section 151 Officer) on the Council’s Treasury Strategy 2017/18.
Decision:
RECOMMENDED:
- That the Treasury Strategy for 2017/18 be approved, with any comments.
- That the Prudential Indicators, set out in Appendix 1, in accordance with the Local Government Act 2003, be approved, with any comments.
- That the Investment Strategy, set out in Appendix 2 in accordance with the CLG Guidance on Local Government Investments, be approved, with any comments.
- That the Minimum Revenue Provision (MRP) Policy Statement, set out in Appendix 3, be approved, with any comments.
- That the Section 151 Officer be authorised 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.
- That the Section 151 Officer be authorised to use other Foreign Banks which meet Capita’s creditworthiness policy, as required.
Publication date: 08/02/2017
Date of decision: 08/02/2017
Decided at meeting: 08/02/2017 - Cabinet
Effective from: 17/02/2017
Accompanying Documents: