Issue - meetings

Treasury Management Strategy Statement 2018/19

Meeting: 28/02/2018 - Assembly (Item 54)

54 Treasury Management Strategy Statement 2018/19 PDF 121 KB

Additional documents:

Minutes:

The Cabinet Member for Finance, Growth and Investment presented the draft Treasury Management Strategy Statement (TMSS) for 2018/19 which set out the Council’s borrowing, investment and funding plans for the year ahead.

The Cabinet Member referred to the key issues within the TMSS, including interest rate forecasts and the potential effects of Brexit, and its importance in terms of supporting the Council’s prudent approach to investments, borrowing and repayments. The report also set out details of the Council’s operational boundary and authorised external borrowing limits for 2018/19.

The Assembly resolved to approve the Treasury Management Strategy Statement for 2018/19 and, in doing so, to:

(i) Note the current treasury position for 2018/19 and prospects for interest rates, as referred to in paragraph 7.2 of the report;

(ii) Approve the Council’s Borrowing Strategy for 2018/19, incorporating the Debt Repayment Strategy and Policy on Borrowing in Advance of Need, as set out in Appendix 2 to the report;

(iii) Approve the Annual Investment Strategy for 2018/19, incorporating the Creditworthiness Policy and outlining the investments that the Council may use for the prudent management of its investment balances, as set out in Appendix 1 to the report;

(iv) Approve the Treasury Management and Prudential Indicators for 2018/19 – 2020/21, as set out in Appendix 3 to the report;

(v) Approve the Minimum Revenue Provision Policy Statement for 2018/19, representing the Council’s policy on repayment of debt, as set out in Appendix 4 to the report;

(vi) Approve the Operational Boundary Limit of £1.002bn and the Authorised Borrowing Limit of £1.102bn for 2018/19, representing the statutory limit determined by the Council pursuant to section 3(1) of the Local Government Act 2003, as referred to in Appendix 3 to the report; and

(vii) Delegate authority to the Chief Operating Officer, in consultation with the Cabinet Member for Finance, Growth and Investment, to proportionally amend the counterparty lending limits agreed within the 2018/19 Treasury Management Strategy Statement.

Meeting: 19/02/2018 - Cabinet (Item 94)

94 Treasury Management Strategy Statement 2018/19 PDF 120 KB

Additional documents:

Minutes:

The Cabinet resolved to recommend the Assembly to approve the Treasury Management Strategy Statement for 2018/19 and, in doing so, to:

(i) Note the current treasury position for 2018/19 and prospects for interest rates, as referred to in paragraph 7.2 of the report;

(ii) Approve the Council’s Borrowing Strategy for 2018/19, incorporating the Debt Repayment Strategy and Policy on Borrowing in Advance of Need, at Appendix 2 to the report;

(iv) Approve the Treasury Management and Prudential Indicators for 2018/19 – 2020/21, at Appendix 3 to the report;

(v) Approve the Minimum Revenue Provision Policy Statement for 2018/19, representing the Council’s policy on repayment of debt, at Appendix 4 to the report;