Agenda item - Treasury Management Strategy Statement 2018/19 (incorporating Annual Investment Strategy)

Report of the Executive Director for Finance & Resources (copy attached)

113.1  RESOLVED:

(i)            That Policy, Resources & Growth Committee recommends that full Council approve the TMSS and Treasury Management Practices, which remain as approved by Policy, Resources & Growth Committee on 23 March 2017.

(ii)          That Policy, Resources & Growth Committee recommend that full Council approve the Annual Investment Strategy 2018/19 as set out in Appendix 2 to this report.

(iii)         That Policy, Resources & Growth Committee recommends that full Council approve the Borrowing Strategy as set out in Appendix 3 to this report.

113.1  The Committee considered the report of the Executive Director Finance & Resources regarding the Treasury Management Strategy Statement and the Annual Investment Strategy for 2018/19.

113.2  Councillor Wealls thanked the Executive Director Finance & Resources for the recent training provided on the strategies. He noted that there had been changes from last year’s strategies, but only some of those had been highlighted in the report and asked if in future all changes could be noted. The Executive Director Finance & Resources agreed to do that.

113.3  Councillor Yates referred to Appendix 3 to the report, and asked if there was any update on whether the Council were able to access the Public Works Loan Board’s infrastructure interest rates. Officers said it was hoped they would find out in the next few weeks, but the timescale wasn’t certain.

113.4  RESOLVED:

(i)            That Policy, Resources & Growth Committee recommends that full Council approve the TMSS and Treasury Management Practices, which remain as approved by Policy, Resources & Growth Committee on 23 March 2017.

(ii)          That Policy, Resources & Growth Committee recommend that full Council approve the Annual Investment Strategy 2018/19 as set out in Appendix 2 to this report.

(iii)         That Policy, Resources & Growth Committee recommends that full Council approve the Borrowing Strategy as set out in Appendix 3 to this report.