Issue - meetings

Report of the Chief Executive

Presented by the Corporate Portfolio Holder

The Corporate Portfolio Holder presented the report to members, reminding them that this was an annual report which Cabinet considered before making recommendations to full Council.  He advised that the Statement complied with statutory, regulatory and professional requirements, specific roles and responsibilities were identified and the Council utilised the services of an independent treasury adviser. He added that treasury management activity was regularly reported to the Audit and Governance Committee.  He explained that this year the strategies and prudential indicators incorporated the Council’s decision to outsource its leisure centres in 2019 and to build a new facility by 2021.  The Investment Strategy had also been updated to provide members with more flexibility in adopting a commercial approach going forward.

It was moved by Councillor N J Rushton, seconded by Councillor R D Bayliss and

RESOLVED THAT:

The Treasury Management Strategy Statement 2018/19, Prudential Indicators – revised 2017/18 and 2018/19 to 2020/21 and the annual minimum revenue provision statement be recommended for approval by full Council.

Reason for decision: These are statutory requirements.