Decision details

The Cabinet Member for Finance, Education, and Skills along with the Corporate Director of Finance and Assets submitted a joint report Treasury Management Strategy for 2020/21, including Prudential Indicators up to 2024/25, the Annual Investment Strategy, and the Minimum Revenue Provision Policy Statement.

Councillor Holland introduced the joint report, setting outs its importance in underpinning valid revenue and capital budgets. Councillor Jim Grant asked about the level of reserves and their adequacy, to which the Councillor Holland and the Corporate Director of Finance and Assets responded at the meeting.

Resolved – That Cabinet recommends Full Council approves the Treasury Management Strategy, Minimum Revenue Provision Policy and Prudential Indicators, as set out in Appendix 1 to the joint report.

The reasons for the decision and alternative options are as set out in the report to the meeting.