Issue - meetings

To seek approval of the overarching Capital Strategy which brings together the Council’s detailed policies, procedures and plans relating to cash investments and property assets.  This report also seeks approval of the Treasury Management Framework for 2019/2020 which is an integral part of the Capital Strategy and a statutory requirement.

Recommendation

That the Executive recommends to Council that it approves:

1)    the Capital Strategy for 2019/20;

2)    the Prudential Indicators; and

3)    the Treasury Management Framework for 2019/20.

83.1    Cllr Ged Hall, Portfolio Holder for Finance, introduced the Capital Strategy, including the Treasury Management Framework for 2019/20 and statement of Prudential Indicators. The Capital Strategy brought together the Council’s detailed policies, procedures and plans relating to cash investments and property assets. The Treasury Management Framework covered all of the council’s treasury activity, including the management of the council’s monetary investment and cash flows, its banking, money market transactions and borrowing.

83.2    There was little change from last year. The Value for Money and Customer Service Overview & Scrutiny had made some helpful suggestions to add clarity to certain parts of the documents, and these had been addressed in the revised versions before the Executive, which he recommended be endorsed to Council for approval.

83.3    Having considered the comments of the Overview & Scrutiny Committee, the Executive RESOLVED to RECOMMEND to Council that it approves:

1)    the Capital Strategy for 2019/20;

2)    the Prudential Indicators; and

3)    the Treasury Management Framework for 2019/20.

[Reason: to approve the over-arching Capital Strategy, which brings together the Council’s detailed policies, procedures and plans relating to cash investments and property assets; and the Treasury Management Framework and Prudential Indicators for 2019/20.]