Agenda item

To consider and approve for the proposals for the Treasury Management Strategy for 2020/21 for recommendation to the Council meeting on 9 March 2020.

The Executive resolved as follows:

To recommend the Council:

1. To approve the Treasury Management Strategy 2020/21 including both the Borrowing and Investment Strategies which are set out in Annex C and Annex D to the Executive 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 the Executive report.

3. To approve the revised Prudential Indicators and limits for 2019/20 and the new Prudential Indicators and limits for 2020/21 – 2022/23 which are set out in Annex E to the Executive report.

4.      To approve the Minimum Revenue Provision Policy Statement for 2020/21, which will ensure a prudent Minimum Revenue Provision charge in the annual statement of accounts. The policy is set out in Annex F to the Executive report.