Council considered a report of the Head of Financial Services asking Council to approve the Treasury Management Strategy 2019/20 together with the Prudential Indicators.

Councillor Turner, Board Member for Finance and Asset Management, presented the report and moved the recommendations which were agreed on being seconded and put to the vote.

Council resolved to approve:

1.  The Treasury Management Strategy 2019/20 as set out in paragraphs 15 to 60 of the report and the Prudential Indicators for 2019/20 – 2022/23 as set out in Appendix 2 of the report;

2.  The Borrowing Strategy at paragraphs 23 to 35 of the report;

3.  The Minimum Revenue Provision (MRP) Statement at paragraphs 36 to 37 of the report which sets out the Council’s policy on charging borrowing to the revenue account; and

4.  The Investment Strategy for 2019/20 and investment criteria as set out in paragraphs 38 to 59 of the report and Appendix 1 of the report.