Issue - meetings

Report by Head of Strategic Finance

Members of the Committee considered a report which sought their approval of the proposed Treasury Management Strategy Statement and Annual Investment Strategy.  The report set out the Council’s strategy for borrowing and investment for the forthcoming year along with the Council’s Prudential Indicators which are required to be set for a three year period.  The report also set out the policy for the repayment of loan fund advances for 2017 – 2018.

Decision

The Committee agreed to refer to Council;

1)    the proposed Treasury Management Strategy Statement and Annual Investment Strategy; and

2)    the use of Option 1 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 4.644%, with the exception of spend to save schemes where the repayment will be based on Option 4.

(Reference: Report by Head of Strategic Finance dated 3 March 2017, submitted)