Issue - meetings

TREASURY MANAGEMENT STRATEGY

Meeting: 06/02/2019 - Accounts and Audit Committee (Item 34)

34 TREASURY MANAGEMENT STRATEGY 2019/20 - 2021/22 pdf icon PDF 519 KB

To consider a report of the Executive Member for Finance and Corporate Director, Finance and Systems.

Minutes:

G. Bentley summarised for Members the principal features of the Treasury Management Strategy which was due to be referred to Budget Council and Executive for approval. Members’ attention was drawn to the distinction between day to day treasury management investments and the developing asset investment strategy, and it was confirmed that the focus would always be on security rather than rate of return. In discussion, Members reviewed a number of potential risk areas; and, as with the Audit memorandum above, it was noted that a non-technical summary could be of assistance to Members.

 

RESOLVED – That it be recommended that the Executive note the report and request Council to approve the Treasury Management Strategy 2019/20 – 2021/22 including the:

 

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

·           investment strategy as set out in section 5 of the report;

·           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 of the report.