Decision Maker: Chief Executive
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: No
To approve the Treasury Management Strategy
2020/21, Prudential Indicators, Minimum Revenue Provision Statement
and Borrowing Limits for 2020/21.
To enable the adoption of the updated Treasury
Management Strategy for the 2020/21 financial year.
Option 1 – Approve the recommendations
in this report This is the recommended option.
Option 2 – To defer the report and ask Officers to provide more information and/or clarification on any specific points MHCLG Investment Regulations require approval of the Treasury Management Strategy prior to the financial year to which it relates. Any delay in approving the Strategy could leave the Council open to the same risks as identified in option 3 below.
Option 3 – To not support the contents of this report. This would mean there is a risk that Officers will not have authority to undertake treasury management activities, which result in minimal returns on investments and prevention of borrowing to fund planned capital investment. It would also mean that the Council is not compliant with MHCLG statutory guidance and the CIPFA Treasury Management Code of Practice, which will result in criticism from the Council’s auditor.
Contact: Ben Bix, Governance and Democratic Services Manager Email: Ben.Bix@reigate-banstead.gov.uk Tel: 01737 276294.
Publication date: 01/05/2020
Date of decision: 01/05/2020