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 2021-22 which had been referred without
recommendation by the Policy and Resources Committee held on 18 February 2021.
Decision
The Council:-
1. Approved the proposed Treasury Management Strategy
Statement and Annual Investment Strategy and the indicators contained within
and noted that the figures within the Strategy will be updated to reflect the
budget decisions agreed at Council.
2. Approved 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 profile
method could be used.
3. Approved the proposed asset repayment periods as
detailed within section 2.6 of the Treasury Management Strategy Statement.
4.
Approved 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)
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 2020-21 which had been referred without
recommendation by the Policy and Resources Committee held on 20 February 2020.
Decision
The Council:-
a) Approve the proposed Treasury Management Strategy
Statement and
Annual Investment Strategy and the indicators contained
within.
b) Approve the use of the statutory method for the repayment
of loan fund
advances prior to 1 April 2019 in respect of existing
capital expenditure
using a 5.1% annuity interest rate over an average period of
32 years. For
those loans fund advances outstanding at 1 April 2004 a
repayment
period of 14 years will be used.
c) Approve the use of the asset life method for the
repayment of loan fund
advances after 1st April 2019 using a 5.1%
annuity interest rate, with the
exception of spend to save schemes where the funding/income
profile
method could be used.
d) Approve the proposed asset repayment periods as detailed
within section
2.6 of the Treasury Management Strategy Statement.
e) 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 Section 95 Officer dated 13 February 2020, submitted)
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 2019-20 which had been referred without
recommendation by the Policy and Resources Committee held on 14 February 2019.
Decision
The Council:-
1. Approved the proposed Treasury Management Strategy Statement and Annual Investment Strategy and the indicators contained within.
2. Approved 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.
3. Approved 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 2019, submitted)