Issue - meetings

To consider the report of the Chief Finance Officer.

The Executive received the report on the adoption of the Treasury Management Strategy, which incorporated the Annual Investment Strategy 2020/21, as required under section 15(1) (a) of the Local Government Act 2003, which was a statutory requirement for the Council before the start of each financial year.

Members noted that the identification, monitoring and control of financial risks were essential to the Authority’s Treasury Management Strategy, given the amount of money that had been borrowed and invested by the Council. Particular reference was made to the two new accounts for the Barclays Green 95 day notice account, which was linked to low carbon projects and the Standard Chartered Sustainable deposit which guaranteed that investment was referenced against sustainable assets aligned to the United Nations; Sustainable Development Goals (SDGs).

RECOMMENDED that Council adopt the new Treasury Management Strategy and delegations contained therein.