Decision Maker: Mayor and Cabinet
Decision status: For Determination
Is Key decision?: Yes
Is subject to call in?: No
Having considered an open officer report, and a presentation by the Cabinet
Member for Finance & Resources, Councillor Amanda De Ryk, the Mayor and
Cabinet agreed that:
(1) Council be asked to approve the prudential indicators and treasury
indicators, as set out in section 6 and 7;
(2) Council be asked to approve the Annual Investment Strategy and
Creditworthiness Policy, set out in further detail at Appendix 2;
(3) Council be asked to approve the Investment Strategy as set out in section
5, along with the operational boundary & authorised limit for the year as set
out in section 7;
(4) Council be asked to approve the Minimum Revenue Provision (MRP)
policy as set out in section 6;
(5) Council be asked to delegate to the Executive Director of Corporate
Resources authority during 2022/23 to make amendments to borrowing and
investment limits provided they are consistent with the strategy and there is
no change to the Council’s authorised limit for borrowing; and
(6) Council be asked to approve the overall credit and counterparty risk
management criteria, as set out at Appendix 2, the proposed countries for
investment at Appendix 5, and that it formally delegates responsibility for
managing transactions with those institutions which meet the criteria to the
Executive Director for Corporate Resources
Publication date: 03/02/2022
Date of decision: 02/02/2022
Decided at meeting: 02/02/2022 - Mayor and Cabinet
Accompanying Documents: