To consider the recommendations of the Executive in respect of the Treasury Management Strategy 2021-2024.

RECOMMENDATION that Council:

1)           approve the Treasury Management Strategy as set out in Appendix A including the following additional Appendices;

·       Prudential Indicators (Appendix B)

·       Annual Investment Strategy 2021/22 (Appendix C)

·       Minimum Revenue Provision (MRP) policy (Appendix D)

2)           note that the Audit Committee agreed the Treasury Management Strategy on 3 February 2021;

3)           note the cumulative financial impact on the Council of its borrowing activities equates to a net credit to the general fund for the taxpayer of £13.64 per band D equivalent at end of 2021/22 and noting this credit increases to £62.86 at the end of 2023/24.

It was proposed by John Halsall and seconded by John Kaiser that the Treasury Management Strategy 2021/24, as set out at Agenda pages 97 to 142, be approved.

Following a request from Andy Croy, recommendation 3 of the Treasury Management Strategy report was considered separately.

Upon being put to the vote, the Mayor confirmed that recommendations 1 and 2 and recommendation 3 were approved.

RESOLVED: That Council:

1)     approve the Treasury Management Strategy, as set out in Appendix A, including the following additional Appendices:

·         Prudential Indicators (Appendix B);

·         Annual Investment Strategy 2021/22 (Appendix C);

·         Minimum Revenue Provision (MRP) Policy (Appendix D);

2)     note that the Audit Committee agreed the Treasury Management Strategy on 3 February 2021;

3)     note that the cumulative financial impact on the Council of its borrowing activities equates to a net credit to the General Fund for the taxpayer of £13.64 per Band D equivalent at the end of 2021/22, and that this credit increases to £62.86 at the end of 2023/24.

That Council be recommended to:

1)              approve the Treasury Management Strategy as set out in Appendix A, including the following additional appendices;

·       Prudential Indicators (Appendix B)

·       Annual Investment Strategy 2021/22 (Appendix C)

·       Minimum Revenue Provision (MRP) policy (Appendix D)

2)              note that Audit Committee agreed the Treasury Management Strategy on 3 February 2021;

3)              note the cumulative financial impact on the Council of its borrowing activities equates to a net credit to the general fund for the taxpayer of £13.64 per band D equivalent at end of 2021/22 and noting this credit increases to £62.86 at the end of 2023/24.

The Executive considered a report setting out the proposed Treasury Management Strategy for 2021-2024.

RESOLVED that Council be recommended to:

1)              approve the Treasury Management Strategy as set out in Appendix A,including the following additional appendices;

·       Prudential Indicators (Appendix B)

·       Annual Investment Strategy 2021/22 (Appendix C)

·       Minimum Revenue Provision (MRP) policy (Appendix D)

2)              note that Audit Committee agreed the Treasury Management Strategy on 3 February 2021;

3)              note the cumulative financial impact on the Council of its borrowing activities equates to a net credit to the general fund for the taxpayer of £13.64 per band D equivalent at end of 2021/22 and noting this credit increases to £62.86 at the end of 2023/24.