Decision details

(i)           That the performance of the Treasury Management activity in 2005/06, the movements on the Venture Fund and the Treasury Management outturn be noted;

(ii)         That the review of the movements in the Prudential Indicators be noted;

(iii)       That the revised Treasury Management Policy Statement and Practices, attached as Annexes E & F of the report, be approved, subject to the following amendments

(a)To the Policy Statement to reflect that the Council now delegated responsibility for the implementation and monitoring of its treasury management policies and practices to the Executive Member for Corporate Services;

(b)To the first bullet point of the section headed “Checks” on page 10 of the Practice Schedules to require bank reconciliation to be carried out monthly from the bank statement to the financial ledger;

(c)To point f) of paragraph 5.1 on page 18 of the Practice Schedules to reflect that the Council’s audit committee was called the Audit and Governance Committee.