Decision details

That Cabinet recommends to Council that:

a)    the Annual Investment Strategy be approved.

b)    the revised Minimum Revenue Provision Policy be approved.

c)    the proposed Prudential Indicators be adopted.

d)    that the remaining content of officer’s report be noted.

REASON FOR DECISIONS

The recommendations to Council will allow for effective Treasury Management operations within the Authority, the revised Minimum Revenue Provision Policy will ensure that Minimum Revenue Provision charges will be applied more effectively and the Prudential Indicator ratios offer a benchmark by which any future capital expenditure decisions should be made. The Treasury Management Code of Practice requires Council approval of these Policies.

ALTERNATIVE OPTIONS CONSIDERED AND REASONS FOR REJECTION

There were no alternative options considered as it is a requirement of the CIPFA Treasury Management Code for all Local Authorities to have a Treasury Management Strategy Statement (TMSS).