Issue - meetings

RECOMMENDED:

1.         That the Treasury Management Strategy Statement which includes the Annual Treasury Investment Strategy for 2021/22 (and the remainder of 2020/21) is approved.

2.         That authority is delegated to the Section 151 Officer to manage the Council’s high yielding investments portfolio and long term borrowing according to the Treasury Management Strategy Statement as appropriate; and

3.         That authority is delegated to the Section 151 Officer, who in turn discharges this function to Hampshire County Council’s Director of Corporate Resources, as agreed in the Service Level Agreement, to manage all Council investments (other than the high yield portfolio) and short term borrowing according to the Treasury Management Strategy Statement as appropriate.

Councillor Cutler (Deputy Leader and Cabinet Member for Finance and Risk), moved that the recommended minute be approved and adopted (seconded by Councillor Weir).

Council proceeded to ask questions and debate the matters in the recommended minute and the report.

RESOLVED:

That the recommended minute of Cabinet held 11 February 2021 (as follows) be approved and adopted:

1.         That the Treasury Management Strategy Statement which includes the Annual Treasury Investment Strategy for 2021/22 (and the remainder of 2020/21) is approved.

2.         That authority is delegated to the Section 151 Officer to manage the Council’s high yielding investments portfolio and long term borrowing according to the Treasury Management Strategy Statement as appropriate; and

3.         That authority is delegated to the Section 151 Officer, who in turn discharges this function to Hampshire County Council’s Director of Corporate Resources, as agreed in the Service Level Agreement, to manage all Council investments (other than the high yield portfolio) and short term borrowing according to the Treasury Management Strategy Statement as appropriate.

That the following be recommended to Council:

1.     That the Treasury Management Strategy Statement which includes the Annual Treasury Investment Strategy for 2021/22 (and the remainder of 2020/21) is approved;

2.     That authority is delegated to the Section 151 Officer to manage the Council’s high yielding investments portfolio and long term borrowing according to the Treasury Management Strategy Statement as appropriate; and

3.     That authority is delegated to the Section 151 Officer, who in turn discharges this function to Hampshire County Council’s Director of Corporate Resources, as agreed in the Service Level Agreement, to manage all Council investments (other than the high yield portfolio) and short term borrowing according to the Treasury Management Strategy Statement as appropriate.

Councillor Cutler introduced the report which contained the annual refresh of the strategy.  Following consideration of the report at Scrutiny Committee on 2 February 2021, section 11.3 had been added which detailed the changes to the strategy from the previous year.

Cabinet agreed the following for the reasons set out above and outlined in the report.

RECOMMENDED (TO COUNCIL):

1.         That the Treasury Management Strategy Statement which includes the Annual Treasury Investment Strategy for 2021/22 (and the remainder of 2020/21) is approved.

2.         That authority is delegated to the Section 151 Officer to manage the Council’s high yielding investments portfolio and long term borrowing according to the Treasury Management Strategy Statement as appropriate; and

3.         That authority is delegated to the Section 151 Officer, who in turn discharges this function to Hampshire County Council’s Director of Corporate Resources, as agreed in the Service Level Agreement, to manage all Council investments (other than the high yield portfolio) and short term borrowing according to the Treasury Management Strategy Statement as appropriate.

Scrutiny Report Reference SC038

Cabinet Report Reference CAB3282

Scrutiny report reference SC038

Cabinet report reference CAB3282

The Deputy Leader and Cabinet member for Finance And Risk introduced the report which was being presented to cabinet on the 11 February 2021. The report (SC038invited the committee to comment on the proposals within the cabinet report, ref CAB3282. CAB3282 set out the proposed Treasury Management Strategy Statement, including the Annual Investment Strategy for the council for 2021/22.

The committee asked questions and raised comments which were responded to by officers and the Deputy Leader accordingly, these comments were noted by the cabinet members present at the meeting.

RESOLVED:

The committee agreed that it would be useful to highlight year on year changes within the document.