Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
Report No. 05/2019 was received from the Strategic Director for Resources.
Mr Gorden Brown, Portfolio Holder for Finance, introduced the report the purpose of which was to set out the statutory reports expected in relation to treasury and capital investment operations for 2019/20, linked to the Council’s Budget, Medium Term Financial Strategy and Capital Programme.
During discussion the following points were noted:
· The report showed that there were sufficient funds held to meet spending plans.
· Retained monies would be put into an investment scheme to produce a revenue stream.
· The portfolio holder assured Cabinet that the investment scheme’s priority would be the retention of capital and the Council would not be taking risks with any high return investments.
Cabinet RECOMMENDED TO COUNCIL to approve:
a) the Treasury Management Strategy in Appendix 1 including the Investment Strategy, Borrowing strategy, Minimum Revenue Provision statement and Capital Expenditure Prudential indicators.
b) the Capital Investment Strategy in Appendix 2
Publication date: 02/04/2019
Date of decision: 15/01/2019
Decided at meeting: 15/01/2019 - Cabinet
Effective from: 23/01/2019