Issue - meetings

Report by Head of Strategic Finance

The Council 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 Council agreed to:-

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 2012 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.

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

Report by Head of Strategic Finance

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)