The Portfolio Holder for Resources referred to the replacement pages 192 and 206 of the agenda which had been tabled at the meeting.
The Leader corrected some misinformation which had been provided to residents concerning the forecast allocation of cash reserves. She commented that the whole of the £60Million cash reserves set out in the pie chart in Paragraph 4.4.6 of the report had been allocated; the Council made loans to other Local Authorities, but these were repaid with interest; and the £2Million allocated for sprinkler systems in tower blocks had been a decision approved by the Council.
It was RESOLVED that the following recommendations be made to Council:
1. That the Treasury Management Strategy 2019/20 be approved.
2. That the draft prudential indicators for 2019/20 be approved.
3. That the minimum revenue provision policy be approved.
4. That it be noted that no changes are being proposed to treasury limits contained within the Council’s treasury management policies.
5. That the investment services provided to Queensway Properties LLP (see Paragraph 4.12.3 of the report) be noted.
Reason for Decision: As contained in report.
Other Options considered: As contained in report.