Decision details

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.

Recommendations approved at Council on 23^rd February 2021.

RESOLVED (unanimously) that the Cabinet agreed to:

1)  Recommend the actions proposed within the Treasury Management Strategy Statement (Appendix 1) to February Council.

2)  Note the Treasury Management Indicators detailed in Appendix 1 and delegate authority for updating the indicators prior to approval at Full Council on 23^rd February 2021 to the Chief Finance Officer and Cabinet Member for Resources, in light of any changes to the recommended budget as set out in the Budget Report elsewhere on the agenda for this meeting.

3)  Note that any comments made by the Corporate Audit Committee at their meeting on the 4^th February 2021 will be reported to Full Council on the 23^rd February 2021.

This report fulfils the Authority’s legal obligation under the Local Government Act 2003 to have regard to the CIPFA Code.

As per report.