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Shropshire Council
Shirehall
Abbey Foregate
Shrewsbury
Shropshire
SY2 6ND

Decision details

Treasury Strategy 2018/2019

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

The Portfolio Holder for Finance presented a report from the Head of Finance, Governance and Assurance [s151 Officer] proposing the Treasury Strategy for 2018/19 and recommended Prudential and Treasury Indicators for 2018/19 to 2020/21.

Decision:

RECOMMENDED:

 

a)    That the Treasury Strategy for 2018/19 be approved.

 

b)    That the Prudential Indicators, set out in Appendix 1, in accordance with the Local Government Act 2003, be approved.

 

c)     That the Investment Strategy, set out in Appendix 2 in accordance with the CLG Guidance on Local Government Investments be approved.

 

d)    That the Minimum Revenue Provision (MRP) Policy Statement, set out in Appendix 3 be approved.

 

e)    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.

 

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

 

g)    That Members be asked to note the changes to the CIPFA Treasury Management Code of Practice and Prudential Code and outstanding consultation exercises.

 

Publication date: 15/02/2018

Date of decision: 14/02/2018

Decided at meeting: 14/02/2018 - Cabinet

Effective from: 23/02/2018

Accompanying Documents:

 

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