Issue - meetings

To consider Report No. FIN2104 (copy attached), which seeks approval of the Treasury Management Strategy and Non-Treasury Investment Strategy (Investment Strategy) for the year 2021/22, for submission to the Council on 25th February, 2021.

The Cabinet considered Report No. FIN2104, which set out the Council’s proposed Treasury Management Strategy and Non-Treasury Investment Strategy (Investment Strategy) for 2021/22, along with the Minimum Revenue Provision Statement. Members were reminded that the main purposes of the treasury management operation were to ensure that cash flow was adequately planned and to provide funding for the Council’s capital plans. The Council’s investment advisers, Arlingclose, had recommended that the Council should diversify its investment risk wherever possible. Members were also informed that the Council’s investment holdings remained significant and that the accumulating debt in this respect would result in a need to incur some further borrowing to service the Council’s capital expenditure in future years.

The Cabinet RECOMMENDED TO THE COUNCIL that approval be given to:

(i)           the Treasury Management Strategy 2021/22 and Annual Borrowing Strategy 2021/22, as set out in Appendix A of Report No. FIN2104;

(ii)          the Annual Non-Treasury Investment Strategy 2021/22, as set out in Appendix B of the Report; and

(iii)         the Minimum Revenue Provision Statement 2021/22, as set out in Appendix C of the Report.