Issue - meetings
Treasury Management and Prudential Indicators 2018/19
Meeting: 13/02/2018 - Cabinet (Item 738)
738 Treasury Management and Prudential Indicators 2018/19 
PDF 98 KB
Additional documents:
- CE26 Appendix 1 - Treasury Management Policy Statement 2018_2019, item 738
PDF 100 KB
- CE26 Appendix 2 - Treasury Management Strategy 2018_2019, item 738
PDF 81 KB
- CE26 Appendix 3 - Annual Investment Strategy - 2018_2019, item 738
PDF 116 KB
- CE26 Appendix 4 - Changes from the 2017_18 Treasury Management Policy, item 738
PDF 46 KB
- CE26 Appendix 5 - Minumum Revenue Provision Policy 2018_2019, item 738
PDF 52 KB
- CE26 Appendix 6 - Prudential Indicators 2018_19, item 738
PDF 121 KB
Minutes:
The Cabinet considered a report of the Chief Executive concerning the Treasury Management Policy for 2018/19 and the requirement for Prudential indicators to be set under the Local Government Act 2003.
Recommended:-
1. That the Treasury Management Policy Statement set out at Appendix 1 to the submitted report, be approved.
2. That the Treasury Management Strategy set out at Appendix 2 to the submitted report, be approved.
3. That the Annual Investment Strategy set out at Appendix 3 to the submitted report, be approved.
4. That the Minimum Revenue Provision (MRP) Policy set out at Appendix 5 to the submitted report, be approved.
5. That the prudential indicators set out at Appendix 6 to the submitted report, be approved.
6. That the operational boundary and authorised limits for borrowing for 2018/19 be set at £285m and £295m respectively as set out in Appendix 1 to the submitted report.
Reason for Recommendation
1. Recommendations 1-3 above are to comply with the CIPFA Treasury Management Code of Practice.
2. Recommendation 4 above is to comply with the Local Authority’s general duty to charge an amount of MRP to revenue which it considers to be prudent.
3. Recommendations 5 and 6 above are to demonstrate compliance with the CIPFA Prudential Code for Capital Finance in Local Authorities.
Other Options
There are many options available for the operation of the Treasury Management function, with varying degrees of risk associated with them. The Treasury Management Policy set out in the report aims to effectively control risk to within a prudent level, whilst providing optimum performance consistent with that level of risk.
Note:- This is a Council Budget Function, not eligible for call in by virtue of Budget and Policy Framework Procedure Rule 1.1(b)
Executive Councillor:-Moring
