Treasury Management Strategy for 2016/17, including prudential indicators.

CEB 11 Feb 2016: To recommend the Council adopts the Treasury Management Strategy 2016/2017.

Council 18 Feb 2016: To adopt the Treasury Management Strategy 2016/2017.

The Head of Financial Services submitted a report which presented the Council’s Treasury Management Strategy for 2016/17 together with the Prudential Indicators for 2016/17 to 2018/19.

The Executive Board Member, Finance, Asset Management and Public Health presented the report and said that he was pleased to accept both the Scrutiny recommendations.

The Board discussed the uncertainty surrounding interest rate projections and noted that on an operational basis the officers were proactively looking for the best possible return on investment.

The City Executive Board resolved to recommend that Council resolves to:

1.            Approve the Treasury Management Strategy 2016/17, and adopt the Prudential Indicators for 2016/17 – 2018/19 as set out in paragraphs 7 to 41, and Appendix 2;

2.            Approve the Investment Strategy for 2016/17 and investment criteria as set out in paragraphs 21 to 38 and Appendix 1; and

3.            Approve the Minimum Revenue Provision (MRP) Statement at paragraphs 11 to 20 which sets out the Council’s policy on debt repayment.