Decision Maker: Policy and Resources Committee
Decision status: For Determination
Is Key decision?: No
Is subject to call in?: No
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 2021/22.
Decision
The Policy and Resources Committee agreed to
recommend to Council at their meeting on 25 February 2021 –
1.
Approval of the proposed Treasury Management Strategy
Statement and Annual Investment Strategy and the indicators contained within
and to note that the figures within the Strategy will be updated to reflect the
budget decisions agreed at Council.
2.
Approval of the continued use of the asset life
method for the repayment of loan fund advances using a 5.1% annuity interest
rate, with the exception of spend to save schemes where the funding/income
profiles method could be used.
3.
Approval of the proposed asset repayment periods as
detailed within section 2.6 of the Treasury Management Strategy Statement.
4.
Approval of the ability to continue to use
countries with a sovereign rating of AA- and above, as recommended by Link
Asset Services.
(Reference: Report by Section 95 Officer dated 8 February 2021, submitted)
Publication date: 23/02/2021
Date of decision: 18/02/2021
Decided at meeting: 18/02/2021 - Policy and Resources Committee
Accompanying Documents: