At its meeting on 16 January 2019 the Executive Committee considered a suite of reports in respect of Treasury and Capital Management and RECOMMENDED TO COUNCIL that the Capital Strategy 2019/20; the Investment Strategy 2019/20; the Minimum Revenue Provision Statement 2019/20; the Treasury Management Strategy 2019/20; and the Flexible Use of Capital Receipts Policy 2019/20 be ADOPTED.

69.6           At its meeting on 16 January 2019, the Executive Committee had considered a suite of strategies and policies in respect of Treasury and Capital Management and recommended to Council that the Capital Strategy 2019/20; the Investment Strategy 2019/20; the Minimum Revenue Provision Statement 2019/20; the Treasury Management Strategy 2019/20; and the Flexible Use of Capital Receipts Policy 2019/20 be adopted. 

69.7           The report which was considered by the Executive Committee had been circulated with the Agenda for the current meeting at Pages No. 48-82.

69.8           The Vice-Chair of the Executive Committee proposed the recommendation, which was seconded by the Lead Member for Finance and Asset Management, and it was   

                  RESOLVED          That the Capital Strategy 2019/20; the Investment Strategy                                2019/20; the Minimum Revenue Provision Statement 2019/20;                               the Treasury Management Strategy 2019/20; and the Flexible                                     Use of Capital Receipts Policy 2019/20 be ADOPTED.

To approve and recommend approval to Council, a range of statutorily required polices and strategies relating to treasury and capital management.

That the Capital Strategy 2019/20; the Investment Strategy 2019/20; the Minimum Revenue Provision Statement 2019/20; the Treasury Management Strategy 2019/20; and the Flexible Use of Capital Receipts Policy 2019/20 be RECOMMENDED TO COUNCIL for ADOPTION.

59.1           The report of the Head of Finance and Asset Management, circulated at Pages No. 88-122, set out a number of strategies that the Council needed to adopt on an annual basis: the Capital Strategy 2019/20; the Investment Strategy 2019/20; the Minimum Revenue Provision Statement 2019/20; the Treasury Management Strategy 2019/20; and the Flexible Use of Capital Receipts Policy 2019/20. Members were asked to recommend the strategies to the Council for adoption.

59.2           The Head of Finance and Asset Management explained that the Council was required to adopt a range of strategies and policies before the start of the financial year which would provide clarity on the Council’s financial management for the forthcoming year. From 2019/20 there were two new requirements: the Capital Strategy and the Investment Strategy. The first was required by the Charted Institute of Public Finance and Accountancy (CIPFA) prudential code and the second by the Ministry of Housing, Communities and Local Government - both were a response to the commercial activities which were being undertaken by Councils in recent years and aimed to provide more transparency to residents. The new strategies would complement the existing requirements and together formed a suite of treasury and capital management strategies.

59.3           It was