Issue - meetings

The report sets out the proposed Treasury Management Framework for 2018/19, comprising:

·        revised Treasury Management Policy;

·        2018/19 Treasury Management Strategy;

·        2018/19 Treasury Management Investment Strategy; and

·        Prudential Indicators for 2018/19 to 2020/21

Recommendation

The Executive recommends to the Council that the proposed Treasury Management Framework for 2018/19 be approved.

The Executive received the Treasury Management Framework for 2018/19, comprising the revised Treasury Management Policy, the 2018/19 Treasury Management Strategy, the 2018/19 Treasury Management Investment Strategy, and the Prudential Indicators for 2018/19 to 2020/21. The Treasury Management Framework for 2018/19 contained only minor changes, but it was a requirement that the Council formally agreed the Framework every year.

Cllr Hyman had given notice to speak in accordance with Procedure Rule 23, and queried whether the wording of TMP4 (in Annexe 2) allowed the use of derivative instruments, contrary to the CIPFA Code.

Cllr Hall, Portfolio Holder for Finance, assured Cllr Hyman that there was no plan to amend the strategy to allow the use of derivatives.

On the recommendation of the Portfolio Holder for Finance, the Executive AGREED to RECOMMEND to the COUNCIL that the proposed Treasury Management Framework for 2018/19 be approved.

[Reason: to agree the the Treasury Management Framework for 2018/19.]

Recommendation submitted to Council on 24 April 2018.