Issue - meetings

The committee considered the report of the Head of Finance which presented the council’s Treasury Management Strategy (TMS) for 2015/16 to 2017/18.  This sets out how the council’s treasury service will support capital investment decisions, and how the treasury management operates day to day.  It set out the limitations on treasury management activity governed by the prudential indicators, within which the council’s treasury function must operate. 

The proposed strategy for 2015/16 included the following changes:

(i)            To add enhanced cash funds to the list of approved investment types.  Investment in such funds to be subject to counterparty lending limits as per Table 5, Appendix A.

(ii)          To add certifications of deposit to the list of approved investment types.  Investment in such funds to be subject to counterparty lending limits as per Table 5, Appendix A.

The above recommendations were intended to increase the number of higher quality counterparties available to the council and so allow for further diversification of the investment portfolio.

RESOLVED:

1. that the treasury management strategy 2015/16, as set out in appendix A to the head of finance’s report, be approved.

2.  that the prudential indicators and limits for 2015/16 to 2017/18 as set out in table 2, appendix A, be approved.

3. that the annual investment strategy 2015/16 set out in appendix A (paragraphs 32-68) and the lending criteria detailed in table 5 be approved.

4. that cabinet recommends council to approve the report.