Members were asked to consider the Capital Strategy 2019/2020 incorporating treasury Management Strategy and half term year treasury update.
The Executive Director, Finance and Resources informed Members that the report was a new report for 2019/2020, required by changes in the guidance from CIPFA and the Ministry of Housing, Communities and Local Government (MHCLG). The strategies set limits and indicators that embodied the risk management approach that the Council believed to be prudent.
Pages 98 and 99 of the main agenda pack set out the “Local Context”, “Liability Benchmark” and the “Borrowing Strategy”.
Page 101 of the main agenda pack detailed the “Treasury Management Indicators”.
RESOLVED that the half year treasury update be noted.
a) that the Capital Strategy as an appropriate overarching strategy for the Council and the flexible use of capital receipts, as detailed at Appendix E of the report, be approved; and
b) that the Treasury Management Strategy for 2019/2020 and the associated limits, MRP policy and treasury management policy, as detailed at Appendices C and D and the specific indicators, included in the report, be approved by 31st March 2019.