Agenda item

To consider and note the report.

Howard Hamilton-Smith advised of and presented a report to the Committee which was also to be presented to the meeting of the Executive on 15^th February 2021 to:

a)    Comply with the amended Chartered Institute of Public Finance and Accountancy`s (CIPFA) Code of Practice on Treasury Management 2011; and

b)    Outline a treasury management strategy statement for the financial year 2021/22; and

c)    Set out prudential indicators for the financial years 2021/24 in line with the CIPFA`s Prudential Code 2017; and

d)    Seek approval of the Council`s Minimum Revenue Provision (MRP) Policy Statement for the financial year 2021/22 in accordance with Government regulations.

The Committee was advised that the Executive would be recommended to approve to Full Council of:

a)    The treasury management strategy statement as set out and attached to the report at appendix 1; and

b)    The prudential and treasury indicators for 2021/22 to 2023/24 as attached to the report at appendix 2 including the authorised limit for external debt of £61.103m in 2021/22; and

c)    The list of Counterparties for Deposits outlined within Appendix 3 as attached to the report; and

d)    The Council`s MRP Statement for 2021/22 as set out and attached to the report at Appendix 4.

Grounds for the above recommendations were outlined within the report.

IT WAS AGREED

That the report be noted.