Issue - meetings

The Corporate Director of Finance and Assets submitted a report setting out the Council’s Treasury Management Strategy for 2020/21, including Prudential Indicators up to 2025/26, the Council’s Annual Investment Strategy and the Minimum Revenue Provision Policy Statement.

In presenting the report, the Corporate Director of Finance and Assets and the Head of Finance highlighted the following points:

·        Given the General Election, there has been a delay in obtaining the final figures as these are linked to the rest of the budget setting process, with the final report being submitted to Cabinet and Council in February 2020.

·        Nevertheless, the overall policies would not change although there would be a variation in the actual numbers.

·        The position as at December 2019 is accurate and the indicators set out in Appendix 1 – Annex 1 would not change.

The chair thanked officers for the report and their work throughout the year.

Resolved – (1) That the draft Treasury Management Strategy, Minimum Revenue Provision Policy and Prudential Indicators, as set out in Appendix 1 to the main report be noted.

(2) That the committee clerk circulate the final version after it has been published for Cabinet.