Decision details

Recommend to Council the approval of the Annual Treasury Management Strategy Statement.

Matter for Decision

To recommend to the Council an Annual Treasury Statement.

Decision of the Executive Councillor for Finance and Resources

To recommend to Council:

i.             the Annual Borrowing Statement at para 4, the Minimum Revenue Provision Policy at para 5 and the Council’s Annual Investment Strategy as contained in paras 8 and 9.

ii.            An amendment to the counterparty list to include a Cambridge City Council Housing Working Capital Loan Facility classified type: non specified investment with a recommended limit of £200k.

iii.           Changes to the estimated Prudential and Treasury Indicators for 16/17 to 19/20 inclusive as set out in appendix c

Reason for the Decision

As set out in the Officer’s report.

Any Alternative Options Considered and Rejected

Not applicable.

Scrutiny Considerations

The Committee received a report from the Head of Finance.

In response to a request from members, the Head of Finance undertook to provide asset allocation (UK banks, CCLA etc) in future Treasury Management reports, as although this was included in the Statement of Accounts, it would be helpful in this report also.

The Committee resolved by 3 votes to 0 to endorse the recommendation.

The Executive Councillor approved the recommendations.

Conflicts of Interest Declared by the Executive Councillor (and any Dispensations Granted)

No conflicts of interest were declared by the Executive Councillor.