Issue - meetings

Report No: CAB/WS/20/022

Portfolio Holder: Cllr Sarah Broughton

Chair of the Committee: Cllr Ian Houlder   Lead Officer: Rachael Mann

RECOMMENDED TO COUNCIL: (25 February 2020)

That:-

1.        The Treasury Management Strategy Statement 2020-2021, as set out in Appendix 1 to Report No: PAS/WS/20/004, be approved; and

2.        The Treasury Management Code of Practice, as set out Appendix 2 to Report No: PAS/WS/20/004, be approved.

(Report No: CAB/WS/20/022)

The Cabinet considered this report which explained that the Chartered Institute of Public Finance and Accountancy’s (CIPFA) Treasury Management Code of Practice required that, prior to the start of the financial year, that the Council formally approved a Treasury Management Policy Statement and Investment Strategy, setting out the Council’s treasury management policy and strategy for the forthcoming year.

The Treasury Management Strategy Statement 2020-2021 was attached as Appendix 1 and the Treasury Management Code of Practice was attached as Appendix 2 to Report No: PAS/WS/20/004.  The report also included additional supporting information on treasury advisors; counterparty ratings; approved investment counterparties and limits; revised building society limits and interest rate projections.

  RECOMMENDED TO COUNCIL: (25 February 2020)

That:-

1.           The Treasury Management Strategy Statement 2020-2021, as set out in Appendix 1 to Report No: PAS/WS/20/004, be approved; and

2.           The Treasury Management Code of Practice, as set out Appendix 2 to Report No: PAS/WS/20/004, be approved.