Decision details

Resolved that:

1.         The Treasury Management Strategy for 2020/21 (Appendix 1 to the report) be approved and that its provisions have effect from 1st April 2020.

2.         The Investment Strategy for 2020/21 be approved (Appendix 2 to the report).

3.         The Council require the Strategic Director for Resources to ensure that gross borrowing does not exceed the prudential level as specified in Appendix 1 Annex B to the report, taking into account current commitments, existing plans, and the proposals in the budget report.

4.         The Council delegates authority to the Strategic Director for Resources to undertake all the activities listed in Appendix 1 Annex H of the report.

5.         The Council requires the Strategic Director for Resources to implement the Minimum Revenue Provision Policy as specified in Appendix 1 Annex I to the report.

6.         The Council notes the decision of the Leader to enable an option to make an early payment of pension fund contributions subject to the conditions set out at Section 7.24 of the Treasury Management Strategy being met