To consider a report of the Executive Member for Corporate Resources and the Chief Finance Officer.

That the key elements in the report, as follows, be recommended to Council for approval:

·           policy on debt strategy as set out in section 3 to the report;

·           investment strategy as set out in section 5;

·           Prudential Indicators and limits including the Authorised Limit (as required by section 3(1) of the Local Government Act 2003), Operational Boundary, Minimum Revenue Provision Statement and Investment criteria as detailed in Appendix 3.

The Executive Member for Corporate Resources and Chief Finance Officer submitted a report outlining the strategy to be followed during this period for investments and borrowing, the outlook for interest rates, management of associated risks, the policy to be adopted on Minimum Revenue Provision (MRP) and Prudential Indicators.

RESOLVED - That the key elements in the report, as follows, be recommended to Council for approval:

·           policy on debt strategy as set out in section 3 to the report;

·           investment strategy as set out in section 5;

·           Prudential Indicators and limits including the Authorised Limit (as required by section 3(1) of the Local Government Act 2003), Operational Boundary, Minimum Revenue Provision Statement and Investment criteria as detailed in Appendix 3.