Decision details

TREASURY MANAGEMENT STRATEGY STATEMENT AND ANNUAL INVESTMENT STRATEGY

Decision Maker: Policy and Resources Committee

Is Key decision?: No

Is subject to call in?: No

Decisions:

The Committee gave consideration to a report  which sought approval of the proposed Treasury Management Strategy Statement and Annual Investment Strategy which set out the Council’s Strategy for borrowing and investment for the forthcoming year.  The report also set out the policy for the repayment of loans fund advances for 2018-19.

 

Decision

 

The Policy and Resources Committee agreed to recommend to the Council that they –

 

1.    Approve the proposed Treasury Management Strategy Statement and Annual Investment Strategy and the indicators contained within.

 

2.    Approve the use of Option 1 (statutory method) for the repayment of loan fund advances in respect of existing capital expenditure and new advances up to 31 March 2021 at an interest rate of 4.423%, with the exception of spend to save schemes where Option 4 (funding/income profile method) will be used.

 

3.    Approve the ability to continue to use countries with a sovereign rating of AA- and above, as recommended by Link Asset Services.

 

(Reference:  Report by Head of Strategic Finance dated 2 February 2018, submitted)

Publication date: 19/02/2018

Date of decision: 15/02/2018

Decided at meeting: 15/02/2018 - Policy and Resources Committee

Accompanying Documents: