Treasury Management Strategy 2016-17

Reference code: 
DMPCD 2016 47
Date signed: 
17 March 2016
Authorisation name: 
Stephen Greenhalgh (past staff), Deputy Mayor for Policing and Crime

Executive summary

The Treasury Management Strategy sets out planned capital spending, and how MOPAC will manage its borrowings and investments. The GLA Group Investment Syndicate (GIS) manages all MOPAC investments, to generate financial and risk management benefits. The current MOPAC Treasury Management Strategy makes use of both the GLA Group Investment Syndicate for investment purposes and has the capacity if required to make investments in its own name. This is designed to spread counter party risk.

The external debt and treasury management limits and indicators in Appendix 1E are consistent with the MOPAC medium term financial strategy and 2016-17 budget. There is no planned new borrowing in this strategy for 2016-17 or 2017-18. If required, cashflow financing through the GIS is planned until the third year until expected receipts are received.

The GLA will continue to implement the MOPAC strategy via the Treasury Management Shared Service arrangement and the Group Investment Syndicate.

Recommendation

The DMPC is asked to approve the 2016-17 Treasury Management Strategy Statement and supporting detail as set out in Appendix 1

Non-confidential facts and advice to the Deputy Mayor for Policing and Crime (DMPC)

Please refer to the attached pdf for further detail on this decision.