Decision details

Purpose of report: The purpose of this report is to ask the Executive to recommend that Council approve:
an integrated Treasury Management Strategy Statement including the annual investment strategy and the minimum revenue provision policy statement.
the proposed Prudential Indicators for 2010/11 to 2012/13;o the revised Treasury Management Policy and Treasury Management Practices
the Treasury Management Scheme of Delegation

Members are asked to: Recommend that Council approve:
an integrated Treasury Management Strategy Statement including the annual investment strategy and the minimum revenue provision policy statement.
the proposed Prudential Indicators for 2010/11 to 2012/13;o the revised Treasury Management Policy and Treasury Management Practices
the Treasury Management Scheme of Delegation

RECOMMENDED: (i)That Council approve:

a)     the proposed Treasury Management Strategy for 2009/10;

b)     the Prudential Indicators for 2009/10 to 2013/14 (Annex C);

c)      the revised CIPFA Treasury Management Code of Practice 2009 (‘the Code’) and revised Treasury Management Policy Statement (Annexes A and B);

d)     the Specified and Non-specified Investments Schedule (Annex F);

e)     The Scheme of Delegation and the Role of the Section 151 Officer (Annex G).

                        (ii)        That the Financial Regulations be amended to give delegated authority to the Director of Resources to have full discretion to choose the length of the repayment period for all prudential borrowing, as set out in paragraph 35 of the report.

                        (iii)       That the Treasury Management reporting arrangements set out in paragraph 16, table 1, as described by the Code, and the terms of reference in the Constitution, be amended to include the requirement that the Audit & Governance Committee scrutinise the Treasury Management Strategy and Monitoring reports.

REASON:      To enable the continued effective operation of the Treasury Management function and ensure that all Council borrowing is prudent, affordable and sustainable.