Financial publications

Please read our information on how we are supporting residents and businesses, as well as information on affected services.


Capital strategy

The capital strategy is a key document for the council. It sets:

  • out how capital expenditure and investment decisions are made;
  • how consideration is given to both risk and reward and
  • the impact on outcomes

It is part of our medium to long term financial planning and budget setting process. It includes reference to other key documents which influence capital investment.

Treasury management strategy

The Council is required to produce an annual Treasury Management Strategy.  This includes the Prudential and Treasury Indicators and covers the following key matters:

  • Capital plans, including prudential indicators;
  • Minimum Revenue Provision (MRP) policy.  This is how residual capital expenditure is charged to revenue over time
  • Treasury Management Strategy.  This is how the investments and borrowings are to be organised. Including Treasury indicators; and
  • Investment Strategy. This is how the parameters on investments are to be managed.

Medium term financial plan

View the medium term financial plan for Cornwall Council.

It sets out the framework for how we use our resources to support the council's priorities and statutory obligations.  This is for the financial years 2021/2022 to 2024/25.

Financial regulations and procedures

A local authority is required by law:

  • to conduct it's business efficiently; and
  • to make sure that it has sound financial management policies in place.  These must be strictly adhered to.

Part of this process is to establish financial regulations.  These set out the financial policies of the council.

Anti-money laundering policy

The legislation about money laundering:

  • the Proceeds of Crime Act 2002 (as amended)
  • the Terrorism Act 2000 (as amended) and
  • the Money Laundering Regulations 2007 (as amended)

has broadened the definition of money laundering.  It has also increased the range of activities caught by the statutory framework.

As a result, the obligations now impact on certain areas of local authority business.  They require local authorities to establish internal procedures.  This is to prevent the use of their services for money laundering.

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