Decision details

RECOMMENDED TO COUNCIL

(1)  That the following be approved:-

(a)  The Treasury Management Policy and Treasury Management Strategy Statement for 2016-17 as contained in appendix 1 of the report.

(b)  The Investment Strategy 2016-17 as detailed in the Treasury Management Strategy Statement (appendix 1).

(c)  The Prudential Indicators and Limits for 2016-17 to 2020-2021 as detailed in appendix 2 of the report.

(d)  The Minimum Revenue Provision (MRP) Statement contained within appendix 2, which sets out the Council’s policy on MRP.

(2)  That the 2015-16 Treasury Management Strategy and Investment Strategy be amended as set out in Appendix 5.

(3)  That the Head of Finance and Governance Services be authorised, following consultation with the Cabinet Member for Finance and Governance, to update paragraph 5 (Economic background) of the Treasury Management Policy and Treasury Management Strategy Statement (Appendix 1) to take account of changed economic circumstances since the Strategy was drafted.

RESOLVED

That the investment performance for the second and third quarters of 2015-16 (appendices 3 and 4) be noted.