This report asks the Committee to recommend to Council the Treasury Management Strategy Statement, Treasury Management Policy, Minimum Revenue Provision, Annual Investment Strategy and Prudential and Treasury Management indicators, as set out in Appendix A.

The Executive Director of Resources submitted a report asking the Committee to recommend to Council the Treasury Management Strategy Statement, Treasury Management Policy, Minimum Revenue Provision, Annual Investment Strategy and Prudential and Treasury Management indicators, as set out in Appendix A.

The report noted the Council was required to approve a Treasury Management Strategy before the start of each financial year.  The Treasury Management Strategy Statement (TMSS) was attached to the report at Appendix A, and set out the parameters for the Council’s planned treasury activity during 2021/22. The TMSS reflected the Council’s Draft Capital Programme 2021/22 – 2023/24.

The report set out information on the economic background, the Council’s borrowing and investments, the implications of the Markets in Financial Instruments Directive II, approved investments and counterparties and risk controls.

Items 93-95 were considered together to recommend to the Council meeting on 23 February 2021.

Resolved –

That Policy Committee endorse and recommend to Council:

·       The Treasury Management Strategy Statement for 2021/22 as set out in Appendix A;

·       The Treasury Management Policy for 2021/22 as set out in Appendix A;

·       The Minimum Revenue Provision (MRP) Policy for 2021/22 as set out in Appendix A;

·       The Annual Investment Strategy for 2021/22 as set out in Appendix A, noting the revised total limit for Non-Specified Investments; and

·       The Prudential and Treasury Management indicators as set out in Appendix A.