Decision details

Treasury Management Strategy and Annual Investment Strategy Mid-Year Review Report 2017/18

Decision Maker: Council Meeting

Decision status: Recommendations approved

Is Key decision?: Yes

Is subject to call in?: No

Purpose:

This report provides Cabinet with a mid-year review of the Council’s Treasury Management Strategy Statement (TMSS) and Annual Investment Strategy (AIS) for 2017/18

Decision:

The Council Meeting has received the mid-year review of the Council’s Treasury Management Strategy and Annual Investment Strategy for 2017/18 in line with best practice guidelines, and noted:-

 

·         the report and treasury activity in the first half of the financial year;

·         the revised interest rate forecasts for PWLB rates over the short and medium term which would drive the Council’s long-term borrowing strategies going forward; and

·         that investments with Local Authorities as identified in the Treasury Management Strategy Report (TMSS), also includes Combined Authorities and other government public authorities, for example, Police, Fire and Waste authorities and as such the minimum credit criteria and investment limits would be applied in the same way.

Alternative options considered:

None.

Interests and Nature of Interests Declared:

None.

Reason Key: Policy Framework & Budget;

Wards Affected: (All Wards);

Equality and/or Environmental Impact Assessment: This is a mid-year review and update of the Council Treasury Management Strategy and Annual Investment Strategy 2017/18. This initial strategy report presented to Members in Feb 2017 included a full Equality Impact Assessment.

Decision Reference: CM184

Declarations or conflicts of Interest: None.

Forward Plan Reference: LDR58

Other reasons / organisations consulted

CRMG were consulted prior to the formulation of the TMSS and AIS for 2017/18 and received formal training by the Council's external treasury management advisors in December 2016. In addition to this report, CRMG receive regular update reports throughout the financial year.

Contact: Lorna Soufian, Corporate and Support Services Email: lorna.soufian@stockport.gov.uk Tel: 0161 474 4026.

Report author: Lorna Soufian

Publication date: 01/12/2017

Date of decision: 30/11/2017

Decided at meeting: 30/11/2017 - Council Meeting

Accompanying Documents: