Issue - meetings

Consideration was given to the report of the Chief Officer Resources which was presented to give Members the opportunity to scrutinise the Treasury Strategy, Investment Strategy and Minimum Revenue Provision policy (including prudential indicators) to be adopted for the 2020/21 financial year, prior to formal recommendation to Council.

The Chief Officer Resources spoke to the report and highlighted the main points contained therein.

A Member enquired if changes to the Treasury Strategy Statement could be made at any time throughout the year.  The Chief Officer Resources responded that changes were normally made at the start of the financial year, but confirmed that changes could be made during the year and would go through the normal Scrutiny and Council process.  The Officer continued that in some instances urgent changes were reported to Council in retrospect. 

The Committee AGREED to recommend that the report be accepted and endorse Option 2, namely that the Members considered the Annual Treasury Strategy Statement & Annual Investment Strategy & MRP Policy Statement for 2020/2021 financial year and the Treasury Management Prudential Indicators contained therein (Appendix A) and do not consider any amendments, prior to submission to Council for formal approval.