DECISION

1.            To recommend that Full Council adopt:

1.1.        The Minimum Revenue Provision Policy Statement set out in paragraph 7 of this report;

1.2.        The Treasury Management Strategy Statement set out in sections 8-11 of this report; and

1.3.        The Annual Investment Strategy set out in section 12 & 13 of this report, which officers involved in treasury management, must then follow.

2.            To delegate to the Acting Corporate Director of Resources, after consultation with the Lead Member for Resources, authority to vary the figures in this report to reflect any decisions made in relation to the Capital Programme prior to submission to Budget Council.

Action by:

ACTING CORPORATE DIRECTOR, RESOURCES (C. HOLME)

(Investment and Treasury Manager (B. Tobun)

Councillor Alibor Choudhury, Cabinet Member for Resources, introduced the report taking this report and Agenda Items 10.1 (Housing Revenue Account Budget Report 2015/16) and 10.3 (General Fund Capital and Revenue Budget and Medium Term Financial Plan) together. The debate is presented in the minutes under Agenda Item 10.1.

The Mayor agreed the recommendations as set out in the report.

RESOLVED

1.            To recommend that Full Council adopt:

1.1.        The Minimum Revenue Provision Policy Statement set out in paragraph 7 of this report;

1.2.        The Treasury Management Strategy Statement set out in sections 8-11 of this report; and

1.3.        The Annual Investment Strategy set out in section 12 & 13 of this report, which officers involved in treasury management, must then follow.

2.            To delegate to the Acting Corporate Director of Resources, after consultation with the Lead Member for Resources, authority to vary the figures in this report to reflect any decisions made in relation to the Capital Programme prior to submission to Budget Council.