Issue - meetings

To consider the report of the Interim Section 151 Officer, (copy enclosed).

The Committee considered the report of the Interim Section 151 Officer seeking Members’ approval of an annual Capital Strategy (attached as Appendix 1 to the report) and Investment Strategy (attached as Appendix 2 to the report) for 2020 / 21.  The minimum Revenue Provision was attached as Appendix 3 to the report.

It was reported that the Capital Strategy had been prepared considering the future plans of the Council, ensuring that they were affordable and prudent.  The Annual Investment Strategy had been updated in line with statutory requirements and good practice, having regard to the Council’s financial position, links to wider strategies, plans and aims and the advice of the Council’s external treasury advisor.  There were no changes to the Council’s treasury management practices or processes, as previously reported to the Committee.

The Chairman reported that on pages 215 and 221 of the agenda pack there were references to the Finance and Corporate Services Committee and that these should refer to the Strategy and Resources Committee.  These amendments were noted.

In response to a question, the Interim Section 151 Officer provided clarification on the reserve held for potential appeals.

RECOMMENDED

(i)                 that the Capital Strategy for 2020 / 21, attached as APPENDIX 4 to these Minutes, be approved;

(ii)               that the Investment Strategy for 2020 / 21, attached as APPENDIX 5 to these Minutes, be approved;

(iii)             that the Minimum Revenue Provision Statement for 2020 / 21, attached as APPENDIX 6 to these Minutes, be approved