Issue - meetings

To consider a report of the Director of Corporate Resources – Corporate Services regarding the County Council’s Treasury Management Strategy and Investment Strategy for 2018/19 to 2020/21.

The Committee considered the report of the Director of Corporate Resources – Corporate Services (Item 7 in the Minute Book) detailing the County Council’s Treasury Management Strategy and Investment Strategy for 2018/19 to 2020/21.

RESOLVED:

That the following recommendations being made to Cabinet be noted:

i)       That Cabinet approve the Treasury Management Strategy and Annual Investment Strategy for 2018/19 (and the remainder of 2017/18) including:

·         Prudential Indicators for 2018/19, 2019/20 and 2020/21 – Appendix C

·         Minimum Revenue Provision (MRP) Statement – Appendix D

·         That authority is delegated to the Director of Corporate Resources to manage the Council’s investments according to the risk assessment process in the Investment Strategy as appropriate.

·         To approve investments of up to £35m for up to 20 years in the Manydown joint venture in which the County Council has a significant interest.

·         To delegate authority to the Director of Corporate Resources to approve investments in the Manydown joint venture in consultation with the Executive Member for Policy and Resources.