Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
The Deputy Leader and Cabinet Member (Finance and Human Resources) submitted a mid-year report on the Treasury Management Strategy which had been prepared in compliance with CIPFA’s Code of Practice, and covers the following:
· An economic update for the 2016/2017 financial year to 30 September 2016;
· A review of the Treasury Management Strategy Statement and Annual Investment Strategy;
· The Council’s capital expenditure (prudential indicators);
· A review of the Council’s investment portfolio for 2016/2017;
· A review of the Council’s borrowing strategy for 2016/2017;
· A review of any debt rescheduling undertaken during 2016/2017 and
· A review of compliance with Treasury and Prudential Limits for 2016/17.
Delegated decisions:
1. That the report be noted.
2. That approval be given to the addition of the Greater Manchester bodies to the Counterpart Investment List.
Reasons for the decision:
The review is produced in accordance with the Chartered Institute of Public Finance and Accountancy (CIPFA) Code of Practice.
Other option considered and rejected:
To make no changes to the current policy framework.
Publication date: 06/01/2017
Date of decision: 14/12/2016
Decided at meeting: 14/12/2016 - Cabinet
Effective from: 03/01/2017
Accompanying Documents: