Agenda item

That the Treasury Management Strategy for 2019/20 be approved.

The Service Lead Finance introduced a report that requested the Cabinet to recommend approval to Council of the Treasury Management Strategy 2019/20.  The strategy set out how the Council would manage the treasury risks and fund the capital programme.

The Council currently had £460m of borrowing and an average investment balance of £45m throughout the year.  Officers worked closely with treasury advisors Arlingclose.  The Cabinet noted that the highest forecast of Capital Financing Requirement during the next three years was £671m and the total debt for 2019/20 was expected to be £569m.  It was therefore confirmed that the Council would be operating within its borrowing limits for the year ahead.

After due consideration, it was agreed to recommend approval of the Treasury Management Strategy to Council on 21^st February.

Recommended –  That the Treasury Management Strategy for 2019/20 be approved.