Agenda item

The Executive Member for Finance and Support Services submitted a report which set out the proposed Treasury Management Strategy and Annual Investment Strategy for 2018-19; changes made to the revised Treasury Management Strategy and Annual Investment Strategy for 2017-18 including changes to the credit criteria for selection of investment counterparties. 

The Committee Chairman referred to the Council’s Policy on short term vs long term debt and borrowing.  In response to a query the Director, provided the background to the Municipal Bond Agency. 

The Committee Chairman queried how the valuation of land as detailed in paragraphs 2.10 - 2.11 would be carried out and was advised that this would be handled internally.  The External Auditor confirmed that they were happy with this approach and that there would be dialogue between the Council and EY before the valuation was carried out.

Members received the report and made the recommendations  now detailed.

RESOLVED - that the Executive be advised that (A) the Treasury Management Strategy and Annual Investment Strategy detailed in paragraphs 2.1 – 2.2 of the report submitted, be received and recommended for approval by Council;

(B)   the Prudential Indicators detailed in paragraph 2.3 of the report submitted, be recommended for approval by Council; and

(C)   the counterparty listing detailed in paragraph 2.4 of the report submitted be recommended for approval by Council.