The Council is required to receive and approve, as a minimum, three main reports each year, which incorporate a variety of polices, estimates and actuals. Treasury Strategy (this report) - The first, and most important report covers:- the capital plans (including prudential indicators); a minimum revenue provision (MRP) policy (how residual capital expenditure is charged to revenue over time); the treasury management strategy (how the investments and borrowings are to be organised) including treasury indicators; and an investment strategy (the parameters on how investments are to be managed). A mid year Treasury Management report – This will update members with the progress of the capital position, amending prudential indicators as necessary, and whether the Treasury Strategy is meeting the strategy or whether any policies require revision. An annual Treasury report – This provides details of a selection of actual prudential and treasury indicators and actual treasury operations compared to the estimates within the strategy. Scrutiny - The above reports are required to be adequately scrutinised before being recommended to the Council. This role is undertaken by the Overview and Scrutiny Committee. 1.3 Treasury Management Strategy for 2017-2018 The Strategy for 2017-2018 covers 2 main areas: Capital issues the capital plans and the prudential indicators (reported separately to The Cabinet); the minimum revenue provision (MRP) policy. Treasury management issues the current treasury position; treasury indicators which limit the treasury risk and activities of the Council; prospects for interest rates; the borrowing strategy; policy on borrowing in advance of need; debt rescheduling; the investment strategy; creditworthiness policy; and policy on use of external service providers. These elements cover the requirements of the Local Government Act 2003, the CIPFA Prudential Code, CLG MRP Guidance, the CIPFA Treasury Management Code and CLG Investment Guidance.
The Council is required to receive and approve, as a minimum, three main reports each year, which incorporate a variety of polices, estimates and actuals. Treasury Strategy (this report) - The first, and most important report covers:- the capital plans (including prudential indicators); a minimum revenue provision (MRP) policy (how residual capital expenditure is charged to revenue over time); the treasury management strategy (how the investments and borrowings are to be organised) including treasury indicators; and an investment strategy (the parameters on how investments are to be managed). A mid year Treasury Management report – This will update members with the progress of the capital position, amending prudential indicators as necessary, and whether the Treasury Strategy is meeting the strategy or whether any policies require revision. An annual Treasury report – This provides details of a selection of actual prudential and treasury indicators and actual treasury operations compared to the estimates within the strategy. Scrutiny - The above reports are required to be adequately scrutinised before being recommended to the Council. This role is undertaken by the Overview and Scrutiny Committee. 1.3 Treasury Management Strategy for 2017-2018 The Strategy for 2017-2018 covers 2 main areas: Capital issues the capital plans and the prudential indicators (reported separately to The Cabinet); the minimum revenue provision (MRP) policy. Treasury management issues the current treasury position; treasury indicators which limit the treasury risk and activities of the Council; prospects for interest rates; the borrowing strategy; policy on borrowing in advance of need; debt rescheduling; the investment strategy; creditworthiness policy; and policy on use of external service providers. These elements cover the requirements of the Local Government Act 2003, the CIPFA Prudential Code, CLG MRP Guidance, the CIPFA Treasury Management Code and CLG Investment Guidance.
StratfordOnAvon2017TMS.docx