Decision details

Council considered a report which provided Members with information in relation to the Authority’s suite of Treasury Strategies for 2020/21 to 2023/24.

Moved by Councillor Steve Fritchley and seconded by Councillor Duncan McGregor

On being put to a recorded vote it was RESOLVED that;

(1)  the Treasury Management Strategy at Appendix 1 be approved and in particular;

(i)    the Borrowing Strategy,

(ii)  the Treasury Management Investment Strategy,

(iii)  the use of the external treasury management advisors Counterparty Weekly List – or similar - to determine the latest assessment of the counterparties that meet the Authority’s Criteria before any investment is undertaken,

(iv)the Prudential Indicators,

(2)  the Capital Strategy as set out in Appendix 2 be approved and in particular;

(i)    the Capital Financing Requirement,

(ii)  the Minimum Revenue Provision Statement for 2020/21,

(iii)  the Prudential Indicators for 2020/21 detailed in the Capital Strategy, in particular;

          Authorised Borrowing Limit                 £126,688,662

          Operational Boundary             £121,688,662

          Capital Financing Requirement          £116,688,662

(3)  the Corporate Investment Strategy as set out in Appendix 3 be approved.

For the motion – 29

(Councillors Derek Adams, Rose Bowler, Jane Bryson, Dexter Bullock, Tracey Cannon, Ann Clarke, Tricia Clough, David Dixon, Maxine Dixon, Mary Dooley, David Downes, Steve Fritchley, Ray Heffer, Natalie Hoy, Andrew Joesbury, Chris Kane, Duncan McGregor, Tom Munro, Evonne Parkin, Graham Parkin, Sandra Peake, Peter Roberts, Dan Salt, Liz Smyth, Janet Tait, Rita Turner, Ross Walker, Deborah Watson and Jenny Wilson.

Against the motion – 1 (Councillor Allan Bailey)

Abstentions – 0

Councillor James Watson returned to the meeting.