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Treasury Management Strategy Statement including Annual Investment Strategy for 2021/22 and Capital Strategy for 2021/22

Decision Maker: Cabinet

Decision status: Recommend Forward to Council

Is Key decision?: Yes

Is subject to call in?: No

Purpose:

Cabinet is asked to note the report and recommend to Council that the Treasury Management Strategy Statement for 2021/22 be approved including:

·         Prudential Indicators for 2021/22;

·         Minimum Revenue Provision Policy Statement for 2021/22;

·         Annual Investment Strategy for 2021/22.

·         •Capital Strategy for 2021/22

Decisions:

Resolved to RECOMMEND: (to Council)

 

(1)          That the Treasury Management Strategy Statement for 2021/22 be approved, including:

 

·         Prudential Indicators for 2021/22

·         Minimum Revenue Provision Policy Statement for 2021/22, as set out in paragraph 2.10 and Appendix C to the officer report; 

·         Annual Investment Strategy for 2021/22

 

(2)          That the Annual Capital Strategy as set out in Appendix G to the officer report, be approved.

 

Reason for Recommendation:  Topromote effective financial management relating to the Authority’s borrowing and investment powers contained in the Local Government Act 2003, and supporting regulations and guidance detailed below:

 

·                     the Local Authorities (Capital Finance and Accounting) Regulations 2003 (as amended);

·                     CIPFA Prudential Code and Treasury Management Code of Practice 2017;

·                     MHCLG Investment and MRP Guidance 2018.

 

Alternative Options Considered and Rejected:  As set out in the report.

 

Conflict of Interest relating to the matter declared by Cabinet Member/Dispensation Granted:  None.

 

[Call-in did not apply to the decisions above as they were reserved to full Council.]

Report author: Director of Finance

Publication date: 12/02/2021

Date of decision: 11/02/2021

Decided at meeting: 11/02/2021 - Cabinet

Accompanying Documents: