Greenwich Council

Issue - meetings.

Treasury Management Strategy

Meeting: 21/03/2018 - Council (Item 13)

13 Treasury Management Strategy Statement 2018/19 pdf icon PDF 233 KB

Deferred from the meeting of Council on 28 February

Additional documents:

Decision:

Agreed to adopt the revised CIPFA Treasury Management Code of Practice 2017 (Appendix 7 of the report)

 

Agreed that the Authority retains its ‘professional client’ status under MiFID II (Appendix 8 of the report)

 

Agreed the Treasury Management Strategy Statement for 2018/19.

Minutes:

The Leader of the Council moved the report.

 

Councillor Matt Clare commented he was a bit concerned about the phrase 'delayed borrowing', with that number going up in the future and its potential for increasing debt.

 

The Leader of the Council noted the connection between government cuts and homelessness doubling in four years and the Borough having to purchase temporary accommodation because they had lost so many homes through Right to Buy. The Leader noted that the Borough was subject to a cap on Right to Buy Receipts yet the Prime Minister was calling for more housing but the Government would not give the local authority the tools to do the job.

 

The matter was put to the vote and it was unanimously

 

Resolved -

 

1.       That the the revised CIPFA Treasury Management Code of Practice 2017 (Appendix 7 of the report) be adopted

 

2.       That the Authority retains its ‘professional client’ status under MiFID II (Appendix 8 of the report)be agreed

 

3.       That the Treasury Management Strategy Statement for 2018/19. be agreed

 


Meeting: 28/02/2018 - Council (Item 12)

12 Treasury Management Strategy Statement 2018/19 pdf icon PDF 233 KB

Additional documents:

Minutes:

This Matter was deferred to the next meeting of Council.