Decision details

46.1     The Cabinet considered a report by the Chief Operating Officer.

46.2     It was RESOLVED to recommend the County Council to:

1)            approve the Treasury Management Policy and Strategy Statement for 2020/21;

2)            approve the Annual Investment Strategy for 2020/21;

3)            approve the Prudential and Treasury Indicators 2020/21 to 2022/23;

4)            approve the Minimum Revenue Provision (MRP) Policy Statement 2020/21 at Appendix A (Section 3).

Reason

46.3     This policy sets out the acceptable limits on ratings, investment periods, amounts to be invested and the borrowing strategy. The financial position is kept under constant review and if at any time it is felt that any of these limits represent an unacceptable risk appropriate and immediate action will be taken accordingly.  Cabinet recommends the 2020/21 Treasury Management Policy and Strategy Statement for approval by Council.