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Decision details
Treasury Management, Annual Investment Strategy and Capital Strategy 2020/21
Decision Maker: Cabinet, Full Council
Decision status: For Determination
Is Key decision?: Yes
Is subject to call in?: No
Purpose:
Determination of the strategy to meet the requirements of the Local Government Act 2003. This includes borrowing, investment, and the prudent repayment of debt. Full Council is required to approve parts of the strategy.
Decision:
Cabinet recommend to full Council that:
1. The Council approve the Treasury Management Strategy, Minimum Revenue Provision (MRP) Policy, Annual Investment Strategy, and the Capital Strategy.
2. The strategies listed are updated as necessary during 2020/21 in the light changing and emerging risks and the Council’s evolving future expenditure plans.
3. The Financial rules and the Financial Operating Procedures of the Council are reviewed and revised as necessary to meet the requirements of the Code of Practice.
4. The Cabinet and full Council note that there is likely to be the use of Money Market Funds in 2020/21 – as already allowed for in the investment strategy.
5. Due to the previous amendments to Agenda Item ‘Revenue Budget 2019/20 Revised and 2020/21, plus Capital Programme 2020/21 – 2022/23’, there will be minor changes to the use of reserves.
Report author: Karen Williams
Publication date: 11/02/2020
Date of decision: 10/02/2020
Decided at meeting: 10/02/2020 - Cabinet
Accompanying Documents:
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