Issue - meetings

Report No: EXC/SA/19/006

Shadow Executive (Cabinet) Members: Stephen Edwards and Ian Houlder

Lead Officer: Greg Stevenson

RECOMMENDED TO SHADOW COUNCIL: (19 February 2019)

(1)     The Treasury Management Strategy Statement 2019-2020, as set out in Appendix 1 to Report Nos: TMS/SE/19/002  / PAS/FH/19/007, be approved;  and

(2)     the Treasury Management Code of Practice, as set out in Appendix 2 to Report Nos: TMS/SE/19/002  / PAS/FH/19/007, be approved.

The Shadow Executive (Cabinet) considered the above report, which sought approval for the Treasury Management Strategy Statement 2019-2020 and the Treasury Management Code of Practice.

The Chartered Institute of Public Finance and Accountancy’s (CIPFA) Code of Practice on Treasury Management required that, prior to the start of the financial year that Council formally approved an Annual Treasury Management and Investment Strategy, setting out the Council’s treasury management policy and strategy statements for the forthcoming year.

The proposed Treasury Management Policy Statement and Investment Strategy 2019-2020, were attached as Appendix 1 to Report No: TMS/SE/19/002 and PAS/FH/19/007, with the Code of Practice attached as Appendix 2.

Councillor Ian Houlder, one of the Shadow Executive (Cabinet) Members with the responsibility for Resources and Performance, drew relevant issues to the attention of the Shadow Executive, including that the Treasury Management Strategy Statement and Code of Practice had been compiled in line with advice received from appointed treasury advisors to West Suffolk Council, Arlingclose Ltd.

RECOMMENDED TO SHADOW COUNCIL: (19 February 2019)

That:

(1)     The Treasury Management Strategy Statement 2019-2020, as set out in Appendix 1 to Report Nos: TMS/SE/19/002  / PAS/FH/19/007, be approved;  and

(2)     the Treasury Management Code of Practice, as set out in Appendix 2 to Report Nos: TMS/SE/19/002  / PAS/FH/19/007, be approved.