Issue - meetings

A report from the Leader of the Council and Cabinet Member for Finance is attached.

The Leader of the Council  and Cabinet Member for Finance submitted a report setting out the suggested Strategy for 2015/2016 in respect of the following aspects of the Treasury Management Function:-

·   Treasury limits in force which will limit the Treasury risk and activities of the Council

·   Prudential and Treasury Indicators

·   The current treasury position

·   Prospects for interest rates

·   The borrowing strategy

·   The borrowing requirement

·   Debt re-scheduling

·   The investment strategy

·   The minimum Revenue Provision Policy

The primary objective of the Council’s Treasury Management Function would continue to be the minimisation of financing costs whilst ensuring the stability of the Authority’s long-term financial position by borrowing at the lowest rates of interest and by investing surplus cash to earn maximum interest, all at an acceptable level of risk. 

The overall strategy for 2015/16 would be to finance capital expenditure by running down cash/investment balances and using short term temporary borrowing rather than more expensive longer term loans.

It was agreed:

That the report be noted.