Report by Director of Resources

The Director of Resources submitted a report seeking approval for a Treasury Management Strategy, which had to be in place before the start of each financial year, in accordance with the Chartered Institute of Public Finance and Accountancy’s Treasury Management in the Public Services: Code of Practice 2017 and the CIPFA Prudential Code.  The Council’s Treasury Management Strategy Statement (TMSS), was attached to the report at Appendix A, setting out the parameters for the Council’s planned Treasury activity during 2019/20, which the Council’s Treasury Team would manage on a day-to-day basis.  The TMSS reflected the Council’s Capital Programme 2019/20 to 2021/22 with non-treasury investments being registered in the Council’s Commercial Investment Strategy.  The report also had appended the Treasury Management Policy 2019/20 (Appendix B); Minimum Revenue Provision (MRP) Policy 2018/19 & 2019/20 (Appendix C); and existing investment and debt portfolio position (Appendix D).

The following motion was moved by Councillor Lovelock and seconded by Councillor Page and CARRIED:

Resolved –

(1)           That the Treasury Management Strategy Statement for 2019/20, as set out in Appendix A, be approved;

(2)           That the Treasury Management Policy for 2019/20, as set out in Appendix B, be approved;

(3)           That the Minimum Revenue Provision (MRP) Policy for 2018/19 and 2019/20, as set out in Appendix C, be approved; and

(4)           That the existing investment and debt portfolio position, as set out in Appendix D, be noted.