Issue - meetings

Consideration was given to a report of the Director of Finance which informed members of the strategy for 2019/20 Treasury Management activities including the Minimum Revenue Provision Policy Statement, the Annual Investment Strategy and Prudential Indicators, together with linkages to the Capital Strategy.

The Cabinet Member for Finance and Corporate Resources, and the Director of Finance presented the report.

The Strategy for 2019/20 covered two main areas.

Capital Issues

·       The Capital Strategy and the Prudential Indicators

·       The Minimum Revenue Provision (MRP) Policy Statement

Treasury Management Issues:

·       The Current Treasury Position

·       Treasury Indicators which limit the treasury risk and activities of the Council

·       Prospects for Interest Rates

·       The Borrowing Strategy

·       The Policy on Borrowing in Advance of Need

·       Debt Rescheduling

·       The Investment Strategy

·       The Creditworthiness Policy

·       The Policy regarding the use of external service providers.

The report outlined the implications and key factors in relation to each of the above Capital and Treasury Management issues and made recommendations with regard to the Treasury Management Strategy for 2019/20.

RESOLVED that:

1.        The Capital Expenditure Estimates as per paragraph 2.1.2 were considered and accepted.

2.        The MRP policy and method of calculation as per Appendix 1 was considered and accepted.

3.        The Capital Financing Requirement (CFR) Projections as per paragraph 2.2.4 were considered and accepted.

4.        The projected treasury position as at 31/03/2018 as per paragraph 2.4.4 was considered and accepted.

5.        The Treasury Limit’s as per section 2.4 was considered and accepted.

6.        The Borrowing Strategy for 2019/20 as per section 2.6 was considered and accepted.

7.        The Annual Investment Strategy as per section 2.10 including risk management and the creditworthiness policy at section 2.11 was considered and accepted.

8.        The level of investment in specified and non-specified investments detailed at Appendix 5 was considered and accepted.