The Annual Treasury Management Strategy Statement for 2019/20 had been prepared in accordance with the Local Government Act 2003. The statement comprised 3 principal areas:-
a. Capital Programme
· The capital plans and the prudential indicators;
· The minimum revenue provision (MRP) policy.
b. Treasury Management
· Current Treasury position;
· Treasury Indicators;
· Prospects for Interest Rates;
· The Borrowing Strategy.
c. The Annual Investment Strategy
· Investment Policy;
· Creditworthiness Policy;
· Investment Income.
Each of the above areas was explored in detail contained in Appendix A to the report.
RESOLVED – That the Annual Treasury Management Strategy Statement (TMSS) 2019/20 be RECOMMENDED TO COUNCIL FOR APPROVAL.