Issue - meetings

INVESTMENT STRATEGY (INTEGRATED CAPITAL AND TREASURY)

 

 

Meeting: 29/01/2019 - Cabinet (Item 109)

109 INVESTMENT STRATEGY (INTEGRATED CAPITAL AND TREASURY) pdf icon PDF 259 KB

REPORT OF THE SERVICE DIRECTOR - RESOURCES
To consider the Investment Strategy (which replaces the Capital Programme and Treasury Strategy) and recommend to Council the adoption of the Investment Strategy.

Additional documents:

Decision:

RECOMMENDS TO COUNCIL:

 

      i.        The adoption of the Investment Strategy (as attached as Appendix A of the submitted report), including the capital programme and prudential indicators.

 

     ii.        The adoption of the four clauses in relation to the Code of Practice on Treasury Management (as detailed in paragraphs 8.17 to 8.23 of the report).

 

REASON FOR DECISION:

 

To ensure that the capital programme meets the Council’s objectives and officers can

plan the implementation of the approved schemes.

 

To ensure the Council’s compliance with CIPFA’s code of practice on Treasury Management, the Local Government Act 2003, statutory guidance from the Ministry of Housing, Communities and Local Government and the CIPFA Prudential Code. As well as determining and managing the Councils risk appetite in respect of investments.

Minutes:

Audio recording – Start time of Item – 2 hours 13 minutes 51 seconds

 

 

Councillor Cunningham the Executive Member for Finance and IT and Deputy Leader presented the report of the Service Director – Resources which sought approval to recommend to Council the adoption of the Investment Strategy and the four clauses in relation to the Code of Practice on Treasury Management.

 

Following a vote it was

 

RESOLVED:

 

i.          RECOMMENDS TO COUNCIL:

 

  1. The adoption of the Investment Strategy (as attached as Appendix A of the submitted report), including the capital programme and prudential indicators.

 

  1. The adoption of the four clauses in relation to the Code of Practice on Treasury Management (as detailed in paragraphs 8.17 to 8.23 of the report).

 

REASON FOR DECISION:

 

To ensure that the capital programme meets the Council’s objectives and officers can plan the implementation of the approved schemes.

 

To ensure the Council’s compliance with CIPFA’s code of practice on Treasury Management, the Local Government Act 2003, statutory guidance from the Ministry of Housing, Communities and Local Government and the CIPFA Prudential Code. As well as determining and managing the Councils risk appetite in respect of investments.

 

 

 

The Meeting closed at 9:55pm