Agenda item

To consider and recommend to the Council the Treasury Management Strategy 2021/22. Once approved this document will form part of the Council’s budget framework.

The Executive resolved as follows: 

To recommend to the Council:

1. To approve the Treasury Management Strategy 2021/22 including both the Borrowing and Investment Strategies which are set out in Annex C and Annex D to this report.

2. To adopt the Treasury Management Policy Statement, the three key principles and four clauses taken from CIPFA’s Treasury Management in Public Services Code of Practice and Cross Sectoral Guidance Notes (2017 Edition) and set out in Annex B to this report.

3. To approve the revised Prudential Indicators and limits for 2020/21 and the new Prudential Indicators and limits for 2021/22 – 2023/24 which are set out in Annex E to this report.

4. To approve the Minimum Revenue Provision Policy Statement for 2021/22, which will ensure a prudent Minimum Revenue Provision charge in the annual statement of accounts. The policy is set out in Annex F to this report.