Issue - meetings

Report by Head of Strategic Finance

The Committee gave consideration to a report outlining the arrangements for managing the Council’s treasury activities. 

Decision: 

The Audit and Scrutiny Committee agreed:

1.    to endorse the approved Treasury Management Strategy Statement and Annual Investment Strategy and the indicators contained within;

2.    to note 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 4.095%, with the exception of spend to save schemes where Option 4 (funding/income profile method) will be used; and

3.    to note 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 19 March 2019, submitted)