Decision details

The Treasury Management Strategy for the financial year 2016/17and its Annexes A, B, C and D.

The Executive resolved to recommend Council:

1.      To adopt all the Elements of the Treasury Management Strategy 2016/17 and to approve the Prudential Indicators and Limits for 2016/17 to 2018/19 as set out in Annex B to the report.

2.      To approve the Prudential Indicators and Limits for 2016/17 to 2018/19 as set out in Annex C to the report.

3.      To approve the Minimum Revenue Provision Policy Statement for 2015/16 and 2016/17  which contains significant changes from the previous year but, which will ensure a more prudent Minimum Revenue Provision charge in the annual statement of accounts, as set out within Annex D to the report.

4.      To approve the Municipal Bond Agency as a source of new borrowing for the Council (as set out in Annex B, paragraph 4.5 of the report).