To consider the submitted report on the above.

At this juncture, the Monitoring Officer advised that the meeting had exceeded four hours in duration and in accordance with Standing Order A11.2, the Chief Finance Officer had indicated that item 5 (Treasury Management Strategy 2020/2021 (incorporating the Annual Investment Strategy 2020/2021 and Minimum Revenue Provision Policy 2020/2021)) must be transacted at the meeting.  Therefore, the meeting continued.

The Council received the Treasury Management Strategy for 2020/21 as set out in the submitted report. Members noted the strategy aimed to support the provision of all Council services through the management of the Council’s cash flow, debt and investment operations.

Councillor Cowell proposed and Councillor Long seconded a motion, which was agreed (unanimously) by the Council as set out below:

that Council approve:

·         the Treasury Management Strategy for 2020/21 (incorporating the Annual Investment Strategy 2020/21);

·         the Prudential Indicators 2020/21; and

·         the Annual Minimum Revenue Provision Policy Statement for 2020/21

as set out in the Appendix to the submitted report.