Issue - meetings

The Executive Member for Finance submitted a report which set out the 2016/17 Treasury Strategy Statement and Annual Investment Strategy and Prudential Indicators.  The Head of Strategic Finance provided a summary of the report.  It was noted that the report had also been submitted to the joint meeting of Scrutiny Committees for that Committee’s consideration prior to consideration by the Executive.

In response to a query from the Chairman regarding the actual gross debt as at 31 March, the Head of Strategic Finance explained that the Council paid interest only and that the capital was still outstanding which impacted on the actual gross debt.

Members received the report and resolved to recommend to the Executive the recommendations as now detailed in the report.

RESOLVED – that (A) the Treasury Management Strategy and Annual Investment Strategy detailed in paragraphs 2.1 – 2.2 be recommended for submission to the Executive;

(B)   the prudential indicators detailed in paragraph 2.3 be recommended for submission to the Executive; and

(C)   the counterparty listed detailed in paragraph 2.4 of the report submitted, be recommended for submission to the Executive.