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Decision details

Treasury Management Monitor 2 and Prudential Indicators 10/11

Decision Maker: Executive - for meetings from 03/06/00 to 26/04/11

Decision status: Decision Made

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

Purpose of report: To update the Executive and full Council on treasury management performance for 6 months of the year 10/11, the Prudential Indicators and compare against the budget taken to Council on 25 February 2010.

Members are asked to: Note the performance of the treasury management activity for monitor 2 10/11.

Decision:

RESOLVED: (i)         That the performance of the Treasury Management activity be noted.

 

                        (ii)        That the projected underspend of the Treasury Management budget by £150k be noted.

 

                        (iii)       That the change in the Treasury Management strategy to increase the target interest rate on borrowing from 4.5% to 5.5%, in line with the increase in PWLB rates due to the Comprehensive Spending Review, as detailed in paragraph 28 of the report, be approved.

 

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

Publication date: 16/11/2010

Date of decision: 16/11/2010

Decided at meeting: 16/11/2010 - Executive - for meetings from 03/06/00 to 26/04/11

Effective from: 19/11/2010

Accompanying Documents:

 

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