Issue - meetings

To consider a report of the Leader of the Council (Policy, Reform & Finance).

The Leader of the Council (Policy, Reform & Finance) submitted a report (copies of which had been circulated) inviting the Council Meeting to consider the Treasury Management Strategy, the Annual Investment Strategy and the Minimum Revenue Provision Policy 2013/14.

RESOLVED – That approval be given to:-

(i)    The Minimum Revenue Provision Policy 2013/14;

(ii)  The Capital Expenditure forecasts and CFR projections;

(iii) The Treasury Management Strategy 2013/14;

(iv) The Treasury and Prudential Indicators and limits 2013/14-2015/16;

(v)  The Annual Investment Strategy 2013/14.

To consider a report of the Leader of the Council (Policy, Reform & Finance)

This comprehensive report proposes the 2013/14 Treasury Management Strategy, Investment Strategy, Minimum Revenue Provision Policy and prudent and sustainable Treasury and Prudential Indicators which are constructed in compliance with the CIPFA Code.

The first part of the report details the Council’s Capital expenditure plans which are a key driver to the long-term borrowing aspect of treasury management activity and strategy; these are reflected in a number of prudential and treasury indicators. The report goes on to show how capital is charged to revenue in the Minimum Revenue Provision (MRP) Policy and the fundamentals of the Council’s investment policy and strategies for 2013/14.

The report provides an economic commentary and interest rate forecast, detailing likely scenarios for the economy and financial markets in 2013/14.  The critical objective of the Annual Investment Strategy for 2013/14 is to deliver a clear and explanatory investment strategy to Members, but also provides the treasury function with sufficient options to be able to operate in normal circumstances. This will allow some flexibility to be available should the investment markets become more difficult.

The Executive is invited to recommend to Council the approval of

•           The Minimum Revenue Provision Policy 2013/14;

•           The Capital Expenditure forecasts and CFR projections;

•           The Treasury Management Strategy 2013/14;

•           The Treasury and Prudential Indicators and limits 2013/14-2015/16;

•           The Annual Investment Strategy 2013/14.

Officer contact: Lorna Salvage, 0161 474 4026, lorna.salvage@stockport.gov.uk

The Leader of the Council (Policy, Reform & Finance) submitted a report (copies of which had been circulated) inviting the Executive Meeting to consider the 2013/14 Treasury Management Strategy, Investment Strategy, Minimum Revenue Provision Policy and prudent and sustainable Treasury and Prudential Indicators which had been constructed in compliance with the CIPFA Code.

RESOLVED – That, in respect of the Treasury Management Strategy, Investment Strategy, Minimum Revenue Provision Policy, the Council Meeting be recommended to approve:

•           The Minimum Revenue Provision Policy 2013/14;

•           The Capital Expenditure forecasts and CFR projections;

•           The Treasury Management Strategy 2013/14;

•           The Treasury and Prudential Indicators and limits 2013/14-2015/16;

•           The Annual Investment Strategy 2013/14.