Decision details

To note the treasury management strategy and agree the investment strategy, capital financial and treasury indicators, and provisions for debt

(See pages 151 - 170 of the main agenda)

Councillor Fiona Colley, cabinet member for finance, modernisation and performance, introduced the report and thanked the finance officers who had prepared the budget reports.

The recommendations contained within the report were put to the vote and declared to be carried.

RESOLVED:

That council assembly:

1.  Agreed the 2017-18 treasury management strategy which is to be managed by the strategic director of finance and governance under financial delegation.

2.  Noted the treasury management policy set out in paragraph 9 of the report.

3.  Agreed the annual investment strategy 2017-18 referred to in paragraphs 16 to 17 of the report and set out at Appendix A to the report.

4.  Agreed the prudential indicators covering capital finance and treasury management for the years 2017-18 to 2019-20 referred to in paragraph 30 of the report and set out at Appendix B to the report. 

5.  Agreed the minimum revenue provision statement, setting aside prudent sums to reduce debt and long term liabilities referred to in paragraphs 31 to 35 of the report and set out at Appendix C to the report.