Issue - meetings

It was noted that in accordance with council procedure rule 21.6, a recorded vote would be taken on the motion or any amendments and substantive motions.

It was proposed by Councillor Townend and seconded by the Leader, that the recommendations set out in paragraph 8 of the report be agreed, namely:

“Council is recommended to approve this report, including each of the key elements of this report listed below:

•   The Capital Plans, Prudential Indicators and Limits for 2016/17 to 2018/19, including the Authorised Limit Prudential Indicator.

•   The Minimum Revenue Provision (MRP) Policy.

•   The Treasury Management Strategy for 2016/17 to 2018/19 and the

Treasury Indicators.

•   The Investment Strategy for 2016/17 contained in the Treasury

Management Strategy, including the detailed criteria.”

49 Members voted in favour the motion: Councillors Bayford, Braidwood, Brimm, Buckley, Campbell, G. Coleman-Cooke, K. Coleman-Cooke, Connor, Constantine, Crow-Brown, Curran, Day, Dellar, Dennis, Dexter, Dixon, Edwards, Evans, J. Fairbrass, L. Fairbrass, Falcon, Fenner, Game, I. Gregory, K. Gregory, Grove, Hayton, Hillman, Howes, Jaye-Jones, Johnston, Larkin, Leys, Matterface, Parsons, Partington, Piper, Potts, Rogers, D. Saunders, M. Saunders, Savage, Shonk, Stummer-Schmertzing, Taylor, Taylor-Smith, Tomlinson, Townend and Wells.

0 Members voted against the motion.

3 Members abstained from voting on the motion: Councillors Ashbee, Bambridge and Elenor.

The motion was carried.

CIPFA Code of Practice on Treasury Management required that the Treasury Management Strategy report be produced for consideration by Council. It covers the Council’s capital plans, treasury management strategy, treasury indicators, prudential indicators and limits for 2016-17 to 2018-19 inclusive; and the minimum revenue provision policy and investment strategy for 2016-17.

The report was brought before the Governance & Audit Committee on 9 December 2015. Members were asked to recommend the report to Full Council on 4 February for final approval.

Councillor Townend proposed, Councillor Stummer-Schmertzing seconded and Cabinet was recommended to approve the report, including each of the key elements of the report listed below, and recommend them to Council:

1.  The Capital Plans, Prudential Indicators and Limits for 2016/17 to 2018/19, including the Authorised Limit Prudential Indicator;

2.  The Minimum Revenue Provision (MRP) Policy;

3.  The Treasury Management Strategy for 2016/17 to 2018/19 and the Treasury Indicators;

4.  The Investment Strategy for 2016/17 contained in the Treasury Management Strategy, including the detailed criteria.