Issue - meetings

That the Treasury Management Strategy 2020/21 be approved.

The Corporate Finance Manager introduced the report to approve the Treasury Management Strategy 2020/21 which was appended to the report.  He advised that the Audit Committee had reviewed the Strategy at a meeting held on 29 January  2020 and feedback was reported to Cabinet at a meeting held immediately prior to County Council. The queries raised by the Audit Committee and the Officers’ responses were as detailed in paragraph 1.15 of the Cabinet report dated 18 February 2020.  Following consideration Cabinet had recommended the Strategy to Council for approval. 

The Corporate Finance Manager reported that in the main the Strategy had not changed from the previous year.  He explained that the WG had updated its guidance on Local Authority investments in November 2019 which would come into force from 1 April 2020.  The majority of changes had been incorporated into the Strategy and work would be completed during the year.

Councillor Chris Dolphin thanked the Chief Executive, and Corporate Finance Manager and his team for their work.  He referred to the queries raised by the Audit Committee on the draft Strategy at the meeting held on 29 January, and said Officers had responded to the positive satisfaction of the Committee.  Councillor Dolphin moved the recommendation in the report and this was seconded by Councillor Glyn Banks.

RESOLVED:

That the Treasury Management Strategy 2020/21 be approved.