Issue - meetings
Treasury Management Monitor 1 and Prudential Indicators 10/11
Meeting: 07/09/2010 - Executive - for meetings from 03/06/00 to 26/04/11 (Item 58)
58 Treasury Management Monitor 1 and Prudential Indicators 2010/11 
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This report provides an update on the Treasury Management performance for the period 1 April 10 to 31 July 2010, as compared against the budget presented to Council on 25 February 2010.
Additional documents:
Decision:
RESOLVED: (i) That the performance of the Treasury Management activity be noted.
(ii) That the projected underspend of £150k on the Treasury Management budget be noted.
REASON: To ensure the continued performance of the Council’s Treasury Management function.
Minutes:
Members considered a report which provided an update on the Treasury Management performance for the period 1 April to 31 July 2010, as compared against the budget presented to Council on 25 February 2010.
The report highlighted the economic environment during the first quarter of the 2010/11 financial year. It reviewed performance in relation to short term investments, long term borrowing, the Venture Fund and the Treasury Management Budget, against this background. As detailed in paragraphs 27 to 29, the projected out-turn on the approved budget was £11,618k, an estimated underspend of £150k.
The Council’s approved Prudential Indicators (affordability limits) were attached at Annex A to the report. It was noted that these had not been breached during the first four months of 2010/11.
Having noted the comments of the Labour Group Spokespersons on this item, it was
RESOLVED: (i) That the performance of the Treasury Management activity be noted.
(ii) That the projected underspend of £150k on the Treasury Management budget be noted.
REASON: To ensure the continued performance of the Council’s Treasury Management function.