Decision details
Treasury Management Strategy and Investment Strategy
Decision Maker: County Council
Decision status: Recommendations approved
Is Key decision?: Yes
Is subject to call in?: No
Purpose:
This report updates the Treasury Management
Strategy and Investment Strategy for the Council
Decision:
That:
1. The Treasury Management Strategy for 2021/22 (Appendix 2) be approved with effect from 1st April 2021.
2. The Investment Strategy for 2021/22 (Appendix 3) be approved with effect from 1 April 2021.
3. The County Council requires the Strategic Director for Resources to ensure that gross borrowing does not exceed the prudential level specified (Appendix 2,Section 3.2, Table 10 “Authorised Borrowing Limit”).
4. The County Council requires the Strategic Director for Resources to ensure that gross investment in non-Treasury investments does not exceed the prudential levels specified (Appendix 3, Annex 7).
5. The County Council delegate authority to the Strategic Director for Resources to undertake delegated responsibilities in respect of both strategies (Appendix 2, Annex 7, and Appendix 3, Section 2.5).
6. The County Council requires the Strategic Director for Resources to implement the Minimum Revenue Provision (MRP) Policy (Appendix 2, Section 2.4).
Report author: Chris Norton
Publication date: 09/02/2021
Date of decision: 08/02/2021
Decided at meeting: 08/02/2021 - County Council
Accompanying Documents: