Decision details

Cabinet considered the head of finance’s report on the council’s treasury management and investment strategy for the period 2016/17 to 2018/19.  The strategy set out how the council’s treasury management operated, how the treasury service would support capital investment decisions, set limits on treasury management activity governed by the prudential indicators, within which the treasury function must operate, and set a minimum revenue provision policy for 2016/17.  

It was a requirement of the Chartered Institute of Public Finance and Accountancy’s (CIPFA) Treasury Management Code 2011 that this report was approved by the Council annually. 

Cabinet noted that the Joint Audit and Governance Committee had recommended the adoption of the strategy.  Cabinet concurred. 

RECOMMEND to Council to:

(a)       approve the treasury management strategy 2016/17 set out in appendix A to the head of finance’s report to Cabinet on 5 February 2016;

(b)       approve the prudential indicators and limits for 2016/17 to 2018/19 as set out in table 2 of appendix A to the head of finance’s report; and

(c)       approve the annual investment strategy 2016/17 set out in appendix A (paragraphs 25 to 60) and the lending criteria detailed in table 5 to the head of finance’s report.