Decision details

Treasury Management Strategy and Investment Strategy

Decision Maker: Cabinet, County Council

Decision status: Recommendations approved

Is Key decision?: Yes

Is subject to call in?: No

Purpose:

This report will set out the treasury management strategy for 2021/22 detailing how the Council will manage its operating cash and how it will manage capital financing and debt. The report will also set out investments held for non-treasury management purposes within the Investment Strategy.

Decision:

Resolved:

 

That Cabinet recommends to Council that:

 

  1. The Treasury Management Strategy for 2021/22 (Appendix 1) be approved with immediate effect.

  2. The Investment Strategy for 2021/22 (Appendix 2) be approved with immediate effect.
     
  3. That the County Council requires the Strategic Director for Resources to ensure that gross borrowing does not exceed the prudential level specified (Appendix 1,Section 3.2, Table 10 “Authorised Borrowing Limit”).

  4. That 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 2, Annex 7).
     
  5. That the County Council delegate authority to the Strategic Director for Resources to undertake delegated responsibilities in respect of both strategies (Appendix 1, Annex 7, and Appendix 2, Section 2.5).

  6. That the County Council requires the Strategic Director for Resources to implement the Minimum Revenue Provision (MRP) Policy (Appendix 1, Section 2.4).

 

 

Report author: Chris Norton

Publication date: 18/06/2021

Date of decision: 17/06/2021

Decided at meeting: 17/06/2021 - Cabinet

Accompanying Documents: