Issue - meetings
Treasury Management and Prudential Indicators 2019/20
Meeting: 12/02/2019 - Cabinet (Item 702)
702 Treasury Management and Prudential Indicators 2019/20 PDF 98 KB
Report of the Strategic Director (Finance and Resources) attached.
Additional documents:
- SD16 Appendix 1 - Treasury Management Policy Statement 2019_2020, item 702 PDF 96 KB
- SD16 Appendix 2 - Treasury Management Strategy 2019_2020, item 702 PDF 83 KB
- SD16 Appendix 3 - Annual Treasury Management Investment Strategy - 2019_2020, item 702 PDF 118 KB
- SD16 Appendix 4 - Changes from the 2018_19 Treasury Management Policy, item 702 PDF 47 KB
- SD16 Appendix 5 - Minumum Revenue Provision Policy 2019_2020, item 702 PDF 52 KB
- SD16 Appendix 6 - Prudential Indicators 2019_20, item 702 PDF 147 KB
Minutes:
The Cabinet considered a report of the Strategic Director (Finance and Resources) concerning the Treasury Management Policy and Strategy for 2019/20 and the requirement for prudential indicators to be set under the Local Government Act 2003. This item was considered by the Policy and Resources Scrutiny Committee.
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 report, be approved.
3. That the Annual Treasury Management Investment Strategy set out at Appendix 3 to the report, be approved.
4. That the Minimum Revenue Provision (MRP) Policy set out at Appendix 5 to the report, be approved.
5. That the prudential indicators set out at Appendix 6 to the report, be approved.
6. That the operational boundary and authorised limits for borrowing for 2019/20 be set at £290m and £300m respectively as set out in Appendix 1 to the 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)
Cabinet Member: Cllr Lamb