Issue - meetings

Report FSD17019

Prior to submission to the Portfolio Holder and full Council, Members received the Treasury Management Strategy Statement and Annual Investment Strategy for 2017/18, required by the CIPFA Code of Practice for Treasury Management in Public Services (revised in 2009 and updated in 2011).

The report also included prudential indicators and the MRP (Minimum Revenue Provision) Policy Statement, both needing full Council approval. Statute required the prudential indicators to be agreed and published, primarily to confirm the Council’s capital expenditure plans as affordable and sustainable. As L B Bromley does not borrow to finance its capital expenditure, many of the indicators do not have particular relevance for the Council.  Prior to the meeting it had been necessary to update the indicators to reflect changes to the Capital Programme made as part of the third quarter monitoring 2016/17. Relevant updated tables included in the Treasury Management Strategy Statement 2017/18 were circulated to Members prior to the meeting and also tabled at the meeting.

RESOLVED that:

(1)  the report be noted; and

(2)  the Resources Portfolio Holder be asked to recommend to Council that the Treasury Management Statement and the Annual Investment Strategy for 2017/18 be adopted (Appendix 1 to Report FSD17019), including the prudential indicators (as tabled) and the Minimum Revenue Provision (MRP) policy statement.