Agenda item

To consider the recommendations of the Executive in respect of the Treasury Management Strategy 2016/19.

RECOMMENDATION:  Council is recommended to approve the following:

1)      the Capital Prudential indicators, 2016/17- 2018/19;

2)      the Borrowing Strategy 2016/17;

3)      the Annual Investment Strategy 2016/17;

4)      the Treasury Indicators: limits to borrowing activity 2016/17;

5)      flexible use of Capital Receipts; and

6)      note a review of counterparties and the consideration of risk versus return is                          being reviewed and will be reported back to executive to in the year for consideration.

It was proposed by the Leader of the Council and seconded by Councillor Anthony Pollock that the recommendations as set out on Agenda page 59 be approved.

Upon being put to the vote it was:

RESOLVED: That the following elements be approved:

1)    the Capital Prudential Indicators for 2016/17 to 2018/19;

2)    the Borrowing Strategy for 2016/17;

3)    the Annual Investment Strategy for 2016/17;

4)    the Treasury Indicators: limits to borrowing activity for 2016/17;

5)    the flexible use of Capital Receipts;

6)    it be noted that a review of counterparties and the consideration of risk versus return is being reviewed and will be reported back to the Executive in year for consideration.