Issue - items at meetings - Treasury Management Strategy 2018/19 - 2021/22

Issue - meetings

Treasury Management Strategy 2018/19 - 2021/22

 

 

Meeting: 07/02/2018 - Cabinet (Item 86)

86 Treasury Management Strategy 2018/19 - 2021/22 pdf icon PDF 486 KB

Minutes:

Councillor Cooper, as Portfolio Holder for Finance and Enabling, asked the Executive Director, Finance and Enabling to present the report, which he acknowledged was exceptionally detailed and of a technical nature.  The Executive Director, Finance and Resources explained that this was something which was a statutory requirement and that there was a set template which had to be followed.  In presenting the report she highlighted the following:

 

·         The finance requirement to produce a forecast to 2021, taking into account both external and internal borrowing.

·         Approved investments counterparties and limits – it was noted that the Council used standard credit ratings from Fitch, Moody’s or Standard and Poor’s.

·         Investment limits and non-specific investment limits.

·         Authorised limits and operational boundaries.

·         Various forecasts around interest rates and a general statement in respect of the Code of Practice.

 

RECOMMENDED:

 

a)    that the Strategy and Prudential Indicators at Appendix 1 to the report be approved; and

b)    that the Treasury Management Policy at Appendix 2 to the report be approved.