This report outlines the proposed Treasury Management Policy and Strategy for 2016/17 as required by the Chartered Institute of Public Finance and Accountancy (CIPFA) Treasury Management Code of Practice. It includes the County Council's borrowing and investment strategies, the updated strategy on the use of financial derivatives and the new proposed minimum revenue provision policy, together with the treasury management prudential indicators which seek to ensure that the Council's borrowing levels remain both sustainable and affordable.
The MRP policy incorporates changes which propose that the MRP, with respect to repaying the pre 2007 debt is over 50 years rather than a 4% reducing balance and changing the post 2007 debt to an annuity basis are implemented. Attached as Appendix C is the revised MRP policy for approval.
Approval of the Treasury Management Policy and Strategy is a matter reserved to the Full Council.
Decision type: Non-key
Decision status: Recommendations Approved
Divisions affected: (All Divisions);
Decision due: 2 Feb 2016 by Executive Scrutiny Committee
Decision due: 4 Feb 2016 by Cabinet
Contact: Mike Jensen Email: mike.jensen@lancashire.gov.uk Tel: 01772 538722.