Decision Maker: Mid Suffolk Cabinet, Babergh Cabinet, Babergh Council, Mid Suffolk Council
Decision status: Recommendations approved
Is Key decision?: Yes
Is subject to call in?: Yes
To approve the Joint capital, Investment and
Treasury Management Strategies for 2020/21
It was RESOLVED:-
1.1 That theJoint CapitalStrategy for2020/21, includingthe PrudentialIndicators set out in AppendixA of the report and the updates tabled at the meeting be endorsed for recommendation to Council on 27 February 2020 as detailed below.
1.2 That the Joint Investment Strategy for 2020/21, as set out in AppendixB of the report and the updates tabled at the meeting be endorsed for recommendation to Council on 27 February.
1.3 That the Joint Treasury Management Strategy for 2020/21, including the Joint Annual Investment Strategy as set out in AppendixC of the report and the updates tabled at the meeting be endorsed for recommendation to Council on 27 February 2020 .
1.4 That the Joint Treasury Management Indicators as set out in AppendixD of the report be endorsed for recommendation to Council on 27 February 2020.
1.5 That the Joint Treasury Management Policy Statement as set out in AppendixG of the report be endorsed for recommendation to Council on 27 February 2020.
1.6 That the Joint Minimum Revenue Provision Statement as set out in AppendixH of the report be endorsed for recommendation to Council on 27 February 2020.
1.7 That the key factors and information relating to and affecting treasury management activities set out in Appendices E, F, and I of the report benoted.
1.8 ThatOfficers andMembers, WorkingParties andwhatever mechanismshave been set up commence exploring alternative investment strategies that take greater account of the Councils’ own declaration of a climate changeemergency.
Reason for Decision:Local authoritiesare requiredto approvetheir TreasuryManagement Strategy (TMS), their Capital Strategy (including an overview of the TMS) and their Investment Strategy annually before the start of the financialyear.
Alternative Options Considered and Rejected:
1.1 This report fulfils the Councils legal obligations to have regard to the Code and MHCLGGuidance.
1.2 Individual strategies were considered but Joint Strategies have beenprepared.
Any Declarations of Interests Declared: None
Any Dispensation Granted: None
Publication date: 11/02/2020
Date of decision: 10/02/2020
Decided at meeting: 10/02/2020 - Mid Suffolk Cabinet
Effective from: 19/02/2020
Accompanying Documents: