Issue - meetings

Report by Head of Strategic Finance

The Council considered the proposed Treasury Management Strategy Statement and Annual Investment Strategy, a requirement of the Treasury Management in the public services Code of Practice issued by CIPFA, which set out the Council’s strategy for borrowing and investment  for the forthcoming year along with the Council’s prudential indicators which require to be set for a three year period.

Decision

The Council –

1.    Approved the Treasury Management Strategy Statement and Annual Investment Strategy subject to review by the Performance Review and Scrutiny Committee in February.

2.    Approved the removal of Abu Dhabi (UAE) and Qatar from the list of approved countries for investment.

(Reference:  Report by Head of Strategic Finance dated 3 February 2016, submitted)

Report by Head of Strategic Finance

A report setting out the Council’s strategy for borrowing and investment for the forthcoming year along with the Council’s Prudential Indicators which require to be set for a three year period was considered.

Decision

The Committee  agreed to recommend to the Council approval:-

1.    of the proposed Treasury Management Strategy Statement and Annual Investment Strategy subject to review by the Performance Review and Scrutiny Committee in February; and

2.    of the removal of Abu Dhabi (UAE) and Qatar from the list of approved countries for investment.

(Reference: Report by Head of Strategic Finance dated 3 February 2016 and Treasury Management Strategy Statement and Annual Investment Strategy 2016-17, submitted)