Issue - meetings

Treasury Management Strategy 2021-22

Meeting: 11/02/2021 - Council (Item 5)

5 Treasury Management Strategy 2021-22 pdf icon PDF 252 KB

Additional documents:


It was proposed by Councillor Yates, seconded by Councillor Albon and Members agreed that the recommendation set out in the report be agreed, namely:


“That Council approves this report and annexes”



Meeting: 14/01/2021 - Cabinet (Item 708)

708 Treasury Management Strategy Statement, Minimum Revenue Provision Policy Statement and Annual Investment Strategy for 2021-22 pdf icon PDF 267 KB

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Cabinet acknowledged that the council was required to operate a balanced budget, which broadly means that cash raised during the year will meet cash expenditure. Part of the treasury management operation is to ensure that this cash flow is adequately planned, with cash being available when it is needed. Surplus monies are invested in low risk counterparties or instruments commensurate with the council’s low risk appetite, providing adequate liquidity initially before considering investment return. As part of the discussion, Cabinet considered the following key items in the report:


  • The second main function of the treasury management service was the funding of the council’s capital plans. These capital plans provided a guide to the borrowing need of the council, essentially the longer-term cash flow planning, to ensure that the council could meet its capital spending expenditure of £35.6m forecast over the next three years (2021-22 to 2023-24 inclusive), requiring borrowing of £4.8m;


·  No change to the Minimum Revenue Provision policy (policy for paying off the accumulated borrowing requirement).


Councillor Yates proposed, Councillor Albon seconded and Cabinet agreed:


1.  To recommend the Cabinet report and annexes, including each of the key elements listed below, to council for approval:


a.  The Capital Plans, Prudential Indicators and Limits for 2021-22 to 2023-24, including the Authorised Limit Prudential Indicator;


b.  The Minimum Revenue Provision (MRP) Policy;


c.  The Treasury Management Strategy for 2021-22 to 2023-24 and the Treasury Indicators;


d.  The Investment Strategy for 2021-22 contained in the Treasury;


e.  Management Strategy, including the detailed criteria;


f.  The Capital Strategy for 2021-22;


g.  The Non-Treasury Investments Report for 2021-22.