Issue - meetings

This report provides Members with an update on treasury management activities as required through regulations issued under the Local Government Act 2003 and the revised 2011 (Chartered Institute of Public Finance and Accountancy) Code of Practice for Treasury Management (as revised).

RESOLVED:       That, in accordance with the Local Government Act 2003 (revised), Cabinet agree to:

i)             Note the Treasury Management activities in 2011/12.

ii)            Note the movements in the Prudential Indicators at Annex A.

REASON:                     To ensure the continued performance of the Council’s Treasury Management function.

Consideration was given to a report which provided Members with an update on Treasury Management  Activities for the period 1 April 2012 to 31 December 2013 as required through regulations.

The report reviewed the economic background under which the activities had been operating at paragraphs 4 to 8, the annual investment strategy at paragraphs 9 to 12, the investment and borrowing portfolios at paragraphs 13 to 33 together with information on compliance with Prudential Indicators at paragraphs 34 to 36.

Monitoring of the Prudential Indicators during this period was detailed at Annex A of the report and it was confirmed that during the 2012/13 financial year the Council had operated within the treasury limits and Prudential Indicators set out.

RESOLVED:       That, in accordance with the Local Government Act 2003 (revised), Cabinet agree to:

i)             Note the Treasury Management activities in 2011/12.

ii)            Note the movements in the Prudential Indicators at Annex A.

REASON:                     To ensure the continued performance of the Council’s Treasury Management function.