Decision details
2016/17 Treasury Management & Investment Strategy
Decision Maker: Cabinet
Decision status: Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
The Local Government Act requires the Council to set out its Treasury Strategy for borrowing, and to prepare an Annual Investment Strategy, setting out the Council’s policies for managing its investments.
Approved at Council on 16th February 2015
Decision:
RESOLVED (unanimously) that the Cabinet agreed to:
1) Recommend the actions proposed within the Treasury Management Strategy Statement to February Council for approval.
2) Recommend the Investment Strategy to February Council for approval.
3) Recommend to February Council for approval that decisions to borrow from the Local Government Association (LGA) Bond Agency are delegated to the Chief Finance Officer in consultation with the Cabinet Member for Finance & Efficiency.
4) Note the Treasury Management Indicators and delegate authority for updating the indicators prior to approval at Full Council on 16th February 2016 to the Chief Finance Officer and Cabinet Member for Finance & Efficiency, in light of any changes to the recommended budget as set out in the Budget Report elsewhere on the agenda for this meeting.
Reasons for the decision:
This report is a statutory requirement.
Alternative options considered:
None.
Report author: Jamie Whittard
Publication date: 11/02/2016
Date of decision: 10/02/2016
Decided at meeting: 10/02/2016 - Cabinet
Effective from: 19/02/2016
Accompanying Documents: