Issue - meetings

To consider the interim head of finance’s report. 

The committee considered the interim head of finance’s report on the proposed treasury management strategy for 2021/22 for South Oxfordshire District Council.  The strategy was largely unchanged from 2020/21, apart from minor changes detailed in the report. 

The committee noted that the common industry view was that, at present, there was no appetite for negative interest rates, although rates were likely to remain low. 

The committee welcomed the strategy and made no further comments for submission to Cabinet. 

RESOLVED: to recommend to South Oxfordshire District Council’s Cabinet that the committee to approve:

(a)      the treasury management strategy 2021/22, as set out in appendix A to the interim head of finance’s report;

(b)      the prudential indicators and limits for 2021/22 to 2023/24, as set out in appendix A to the report; and

(c)       the annual investment strategy 2021/22, as set out in appendix A to the report, and the lending criteria detailed in table 6 to that report.