Issue - decisions
Treasury Strategy 2016/2017
12/02/2016 - Treasury Strategy 2016/2017
RECOMMENDED:
That Council:-
a) Approve, with any comments, the Treasury Strategy for 2016/17.
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 Capita’s creditworthiness policy and Money Market Funds again as required.
g) Note the proposed Prudential Indicators would enable the Authority to use the equivalent of up to 3% of Council Tax in 2016/17 or future years, to fund borrowing under the Prudential Code should the Council decide to do so.