Issue - meetings

RECOMMENDED:     1)         That the Treasury Management Strategy Statement 2021/2022, including treasury indicators for 2021-2025 be approved.

2)         The Minimum Revenue Provision Policy 2021/2022 be approved.

3)         The Investment Strategy 2021/2022 be approved.

Reason for the Decision

The Council must have approved a Treasury Management Strategy Statement,

Minimum Revenue Provision Policy Statement and Annual Investment Strategy

2021/2022 by 31 March 2021.

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Cabinet considered a report which explained that the Council was required to receive and approve a Treasury Management Strategy Statement; Annual Investment Strategy; and Minimum Revenue Provision Policy Statement which covered:

·         The Treasury Management Strategy

·         Capital plans, including prudential indicators

·         A Minimum Revenue Provision (MRP) Policy

·         An Investment Strategy

The report covered the requirements of the Local Government Act 2003, the Chartered Institute of Public Finance Accountants (CIPFA) Prudential Code, the Ministry of Housing, Communities and Local Government (MHCLG) MRP Guidance, the CIPFA Treasury Management Code and the MHCLG Investment Guidance.

The Council’s Treasury Advisor, Link Asset Services, provided a template document for the Treasury Management Strategy Statement, which was fully compliant with CIPFA’s code and MHCLG’s guidance. The Council had used this template in preparing the report.

The report looked at the period 2020-2025, which fitted with the Council’s Financial Plan and Capital Programme. Officers of the council had prepared the report based on their views of forecasts for interest rates, and had used information provided by the council’s Treasury Management Advisor, Link Asset Services.

Under standing order 34 Councillor Morley received responses to his pre submitted questions.

Under standing order 34 Councillor Ryves asked a question and received a response.

RECOMMENDED:     1)         That the Treasury Management Strategy Statement 2021/2022, including treasury indicators for 2021-2025 be approved.

2)         The Minimum Revenue Provision Policy 2021/2022 be approved.

3)         The Investment Strategy 2021/2022 be approved.

Reason for the Decision

The Council must have approved a Treasury Management Strategy Statement,

Minimum Revenue Provision Policy Statement and Annual Investment Strategy

2021/2022 by 31 March 2021.