Agenda item

To consider the report of the Cabinet Member for Performance and Resources seeking approval of the Treasury Management Strategy, the prudential indicators and to note the Treasury activities.

80.1    The Cabinet Member for Performance and Resources presented his report which detailed the Treasury Management Strategy 2017/18 and prudential indicators.

80.2    He noted that following the transfer of the housing stock the Council’s financial profile had stabilised and through 2016/17 the Council had been able to maintain an under borrowed position.

80.3    He stated that the borrowing strategy was to utilise investments to reduce short term borrowing and once investments had been applied it was anticipated that any new debt would be short term as the current market rates were attractive and this would maximise future flexibility.

80.4    RESOLVED that    

(1)  The Treasury Management Strategy 2017/18 at Appendix 1 be approved;

(2)  The authorised borrowing limit be approved at

2017/18    £40 million

2018/19    £40 million

2019/20    £40 million

(3)  The prudential indicators set out in section two of the strategy be approved.