To comply with the amended Chartered Institute of Public Finance and Accountancy’s (CIPFA) Code of Practice on Treasury Management 2011.
To outline a treasury management strategy statement for the financial year 2021/22.
To set out prudential indicators for the financial years 2021/24 in line with the CIPFA’s Prudential Code 2017.
To seek approval for the Council’s Minimum Revenue Provision (MRP) Policy Statement for the financial year 2021/22 in accordance with Government regulations.
Reason for Decision.
To provide the proper basis required by current Government regulations and
guidance to make charges for debt repayment (MRP) to the Council’s revenue account.
To fulfil statutory and regulatory requirements and to provide a clear framework for local authority capital finance and treasury management.
That Full Council be recommended to approve;
(1) The treasury management strategy statement for 2021/22 as set out in Appendix 1;
(2) The prudential and treasury indicators for 2021/22 to 2023/24 per Appendix 2 including the authorised limit for external debt of £61.103m in 2021/22;
(3) The list of Counterparties for Deposits outlined within Appendix 3; and
(4) The Council’s MRP Statement for 2021/22 as set out in Appendix 4 of this report.