Issue - meetings

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

The Leader of the Council (Policy, Finance & Devolution) (Councillor Alex Ganotis) submitted a report (copies of which had been circulated) inviting the Council Meeting to consider the Treasury Management Strategy Statement, the Annual Investment Strategy and the Minimum Revenue Provision Policy 2017/18.

RESOLVED (57 for) – That approval be given to:-

·         The Minimum Revenue Provision Policy for 2017/18;

·         The Capital Expenditure forecasts and Capital Financing Requirement projections;

·         The Treasury Management Strategy 2017/18;

·         The Treasury and Prudential Indicators and limits 2017/18-2019/20; and

·         The Annual Investment Strategy 2017/18.

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

This comprehensive report proposes the 2017/18 Treasury Management Strategy, Annual Investment Strategy, Minimum Revenue Provision Policy and prudent and sustainable Treasury and Prudential Indicators, which are constructed in compliance with the CIPFA Treasury Management Code of Practice.

The first part of the report details the Council’s Capital expenditure plans and Strategy 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 develops to show how capital expenditure funded by prudential borrowing is subsequently charged against the Council’s revenue resources in the Minimum Revenue Provision (MRP) Policy Statement.

The report provides an economic commentary and interest rate forecast, detailing likely scenarios for the economy and financial markets in 2017/18 based on current information.

The Executive is asked to recommend that the Council Meeting approves

·         The Minimum Revenue Provision Policy for 2017/18;

·         The Capital Expenditure Forecasts and Capital Financing Requirement projections;

·         The Treasury Management Strategy 2017/18;

·         The Treasury and Prudential Indicators and Limits 2017/18-2019/20;

·         The Annual Investment Strategy (AIS) 2017/18.

Officer contact: Lorna Soufian, 0161 474 4026, lorna.soufian@stockport.gov.uk

The Leader of the Council (Policy, Finance & Devolution) submitted a report (copies of which had been circulated) inviting the Executive to consider the proposed 2017/18 Treasury Management Strategy, Annual Investment Strategy, Minimum Revenue Provision Policy and prudent and sustainable Treasury and Prudential Indicators, constructed in compliance with the CIPFA Treasury Management Code of Practice.

Executive councillors emphasised the significance of the capital investment by the Council.

RESOLVED – That in relation to the 2017/18 Treasury Management Strategy, Annual Investment Strategy and Minimum Revenue Provision Policy the Council Meeting be recommended to approve:-

·           the Minimum Revenue Provision Policy for 2017/18;

·           the Capital Expenditure Forecasts and Capital Financing Requirement projections;

·           the Treasury Management Strategy 2017/18;

·           the Treasury and Prudential Indicators and Limits 2017/18-2019/20;

·           the Annual Investment Strategy (AIS) 2017/18.