Purpose

This report will set the limits and method of
investing the council’s surplus funds taking into account the
statutory restrictions on local authority investments and
borrowings. While the Council is debt free and expects to continue
this policy for the foreseeable future, the report will set limits
and establish procedures for any borrowings that may be
required.

Content

RESOLVED

That the Full Council recommended to
approve:-

a)      the Treasury Prudential
Indicators and the Minimum Revenue Provision (MRP) Statement contained within Section
5.4 report
of
FIN/644;

b)      the Treasury Management Strategy
contained within Section 6 of report
FIN/644;

c)       the Investment Strategy
contained within Section 7 of report
FIN/644;

 

 
Reasons for the
Recommendations
 
The
Council’s financial regulations, in accordance with the CIPFA
Code of Practice for Treasury Management, requires a Treasury
Management Strategy to be approved for the forthcoming financial
year. This report complies with those requirements.