Decision details

This report considers the draft Treasury Management Strategy and the new Capital Strategy for 2019/20, prior to its submission to the Council for approval.

Regulations require the Council to prepare and formally approve both an annual Treasury Management Strategy and Capital Strategy.  The documents for 2019/20 are attached as Appendix A and B to the report for consideration by the Executive before being submitted to Council for approval.

The main highlights in the Treasury Management Strategy are:

i)             The level of capital expenditure estimated for 2019/20 is £28.8 million.  The current estimate is that £16.2 million of this will be met by new borrowing.

ii)            The strategy includes a new investment strategy which covers commercial property investments.  The Council has £59 million of investment properties.

The new Capital Strategy gives a high-level overview of how capital expenditure, capital financing, asset management and treasury management activity contribute to the provision of services along with an overview of how associated risk is managed and the implication for future financial sustainability.

RESOLVED that the Executive:

(a)  endorses the draft Treasury Management Strategy and Capital Strategy for 2019-20, attached as Appendix A and B to the report; and

(b)  agrees to submit the report to Council for approval.