Issue - decisions

Issue - decisions

Treasury Management Strategy 2018/19

28/02/2018 - Treasury Management Strategy 2018/19

The Head of Financial Services had submitted a report which presented the Treasury Management Strategy 2018/19 together with the Prudential Indicators for 2018/19 to 2021/22 for referral to Council.


Cllr Turner, Board Member for Finance and Asset Management, spoke briefly to the  annual report noting that its contents and format were to large extent driven by CIPFA requirements which did not always result in an elegant read. He drew attention to the few proposed changes, some of which were due to changes in CIPFA’s Treasury Management Code of Practice. He noted that, where possible,  investments were sought which would be beneficial to the City in their own right and not just financially.


The City Executive Board resolved to recommend that Council approves:


1.     The Treasury Management Strategy 2018/19 as set out in paragraphs 7 to 43 and the Prudential Indicators for 2018/19 – 2021/22 as set out in Appendix 2;


2.     The Borrowing Strategy at paragraphs 12 to 22;


3.     The Minimum Revenue Provision (MRP) Statement at paragraphs 23 to 24 which sets out the Council’s policy on charging borrowing to the revenue account; and


4.     The Investment Strategy for 2018/19 and investment criteria as set out in paragraphs 25 to 39 and Appendix 1.