Issue - meetings

Report of the Portfolio Holder for Finance and Community Safety on the suite of Treasury Strategies for 2021/22 – 2024/25.

The Portfolio Holder for Finance and Community Safety (Councillor Clive Moesby) presented the Treasury Strategy Reports 2021/22 - 2024/25 report to Members. The report provided Members with the necessary information to approve the Authority’s suite of Treasury Strategies for 2021/22 to 2024/25.

The recommendations in the report (6.1 to 6.3) were moved by Councillor Clive Moesby and seconded by Councillor David Dixon.

The Chair reminded Members that a recorded vote would be taken on this budget setting motion as per the Local Authorities (Standing Orders) (England) (Amendment) Regulations 2014.

For the motion – 32

(Councillors Adams, Bailey, Bowler, Bryson, Bullock, Cannon, A Clarke, N Clarke, Clifton, Clough, Cooper, D Dixon, M Dixon, Dooley, Downes, Fritchley, Heffer, Hoy, Joesbury, Kane, Kirkham, McGregor, Moesby, Munro, E Parkin, G Parkin, Roberts, Smyth, Turner, Walker, Watson and Wilson.)

Against the motion – 0

Abstentions – 0

It was RESOLVED that Council:

(i) Approves the Treasury Management Strategy at Appendix 1 and in particular:  

a) Approves the Borrowing Strategy 

b) Approves the Treasury Management Investment Strategy 

c) Approves 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.

d) Approves the Prudential Indicators 

(ii) Approves the Capital Strategy as set out in Appendix 2 and in particular:  

a) Approves the Capital Financing Requirement

b) Approves the Minimum Revenue Provision Statement for 2021/22

c) Approves the Prudential Indicators for 2021/22 detailed in the Capital Strategy, in particular:   

1. Authorised Borrowing Limit  £136,518,022

2. Operational Boundary  £131,518,022

3. Capital Financing Requirement £117,518,022

(iii) Approves the Corporate Investment Strategy as set out in Appendix 3.

(Section 151 Officer)