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Decision details

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Treasury Management Strategy Statement including Prudential Indicators, Minimum Revenue Provision Policy Statement and Annual Investment Strategy for 2016/17

Decision Maker: Cabinet

Decision status: Recommendations approved

Is Key decision?: Yes

Is subject to call in?: No

Purpose:

To recommend to Council that they approve the Treasury Management Strategy Statement for 2016/17 including:

  • The Prudential Indicators for 2016/17;
  • Minimum Revenue Provision Policy Statement for 2016/17;
  • Annual Investment Strategy for 2016/17;
  • That the upper limit for borrowing of 10 years and over be increased from 90% to 100%.

Decisions:

Resolved to RECOMMEND:  (to Council)

 

That the Treasury Management Strategy Statement for 2016/17 be approved, including the:

 

·                     Prudential Indicators for 2016/17;

·                     Minimum Revenue Provision Policy Statement for 2016/17;

·                     Annual Investment Strategy for 2016/17;

·                     maximum total investment in the Investment Property Strategy which be set at £20m

·                     limit of investments for over 364 days which be increased to £60m.

 

Reason for Decision:  To promote effective financial management and comply with the Local Authorities (Capital Finance and Accounting) Regulations 2003 and other relevant guidance.

 

Alternative Options Considered and Rejected:  As set out in the report.

 

Conflict of Interest relating to the matter declared by Cabinet Member/Dispensation Granted:  None.

 

[Call-in does not apply to the decision is reserved to Council.]

Report author: Dawn Calvert

Publication date: 19/02/2016

Date of decision: 18/02/2016

Decided at meeting: 18/02/2016 - Cabinet

Accompanying Documents: