Decision details
Treasury Management Strategy 2020/21
Decision Maker: Chief Executive
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: No
Decision:
To approve the Treasury Management Strategy
2020/21, Prudential Indicators, Minimum Revenue Provision Statement
and Borrowing Limits for 2020/21.
Reasons for the decision:
To enable the adoption of the updated Treasury
Management Strategy for the 2020/21 financial year.
Alternative options considered:
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
Accompanying Documents: