Issue - meetings

Treasury Management Arrangements

Meeting: 05/02/2020 - Cabinet (Item 12)

12 Treasury Management Strategy pdf icon PDF 992 KB

Decision:

Cabinet

 

(a)          Recommended to Council the updated Treasury Management Strategy attached at Appendix A to the report which sets the policy framework for the Council’s treasury management activity, including (i) the Treasury Management Policy Statement, (ii) Minimum Revenue Provision Policy and (ii) Treasury Indicators; and

 

(b)          Supported the continuation of the interest rate of 3.85% on advances made to Ermine Street Housing during 2020/2021 and the issue of a formal loan agreement to South Cambs Limited to reflect the capital allocations identified in the Council’s approved capital programme.

Minutes:

Cabinet considered a report summarising the annual review of the Treasury Management Strategy and recommending a refreshed version of the Strategy for adoption by the Council.

 

Cabinet noted comments from the Scrutiny and Overview Committee relating to fluctuating interest rates and the need to ensure that the Council had a strategy covering property investment. On this latter point, the Leader suggested that the matter might best be addressed at a future meeting of the Scrutiny and Overview Committee or at an all-Member briefing.

 

After further debate, Cabinet

 

(a)             Recommended to Council the updated Treasury Management Strategy attached at Appendix A to the report which sets the policy framework for the Council’s treasury management activity, including (i) the Treasury Management Policy Statement, (ii) Minimum Revenue Provision Policy and (ii) Treasury Indicators; and

 

(b)             Supported the continuation of the interest rate of 3.85% on advances made to Ermine Street Housing during 2020/2021 and the issue of a formal loan agreement to South Cambs Limited to reflect the capital allocations identified in the Council’s approved capital programme.