To receive a report of the Deputy Chief Executive (S151) proposing the Treasury Management Strategy and Annual Investment Strategy for 2019/20.
The Cabinet had before it a *report of Deputy Chief Executive (S151) requesting that Council approve the proposed Treasury Management Strategy and Annual Investment Strategy for 2019/20.
The Cabinet Member for Finance outlined the contents of the report stating that the Council was required to set a balanced budget and due to the reduction in Government funding there was a need to look at other ways of creating income and that any investment and borrowing had to be prudent and sensible. The strategy set out how the authority’s proposals for future financial matters.
(Proposed by Cllr P H D Hare-Scott and seconded by Cllr Mrs M E Squires)
i) Cllr C J Eginton declared a personal interest as he received a pension from Lloyds Banking Group;
ii) *Report previously circulated, copy attached to minutes.