67 Treasury Management Strategy Statement 2017/18 (Minute EXB 95 refers) PDF 661 KB
Executive Board considered the attached report.
RECOMMENDED: That Council adopt the policies, strategies, statements and prudential and treasury indicators outlined in the report.
Minutes:
Executive Board considered a report of the Operational Director, Finance, on the Treasury Management Strategy Statement 2017/18.
RESOLVED: That Council adopt the policies, strategies, statements, prudential and treasury indicators outlined in the report.
95 Treasury Management Strategy Statement 2017/18 PDF 661 KB
Minutes:
The Board considered a report of the Operational Director, Finance, proposing the Treasury Management Strategy Statement (TMSS) which incorporated the Annual Investment Strategy (AIS) and the Minimum Revenue Provision (MRP) Strategy for 2017/18.
The TMSS was attached to the
report and detailed the expected activities of the Treasury function in the
forthcoming financial year (2017/18).
The Local Government Act 2003
required the Council to “have regard to” the Prudential Code and to set
Prudential Indicators for the next three years to ensure that the Council’s
capital investment plans were affordable, prudent and sustainable. The Act
therefore required the Council to set out its treasury strategy for borrowing
as well as an Annual Investment Strategy, which set out the Council’s policies
for managing its investments and for giving priority to the security and
liquidity of those investments. However, Government guidance stated that
authorities could combine the statement and the strategy into one report, and
the Council had adopted this approach.
Members noted that the production
of a Minimum Revenue Provision Policy Statement was required and a formal
statement for approval was contained within the report at paragraph 2.3, with
Appendix A detailing the full policy.
RESOLVED: That Council be recommended to adopt the policies, strategies, statements and prudential and treasury indicators outlined in the report.