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Treasury Management Strategy Statement and Prudential Indicators for 2011/12 to 2015/16

Meeting: 15/02/2011 - Executive - for meetings from 03/06/00 to 26/04/11 (Item 168)

168 Treasury Management Strategy Statement and Prudential Indicators for 2011/12 to 2015/16 pdf icon PDF 183 KB

This report asks the Executive to recommend that Council approve the Integrated Treasury Management Strategy Statement and Proposed Prudential Indicators for 20010/11 to 2014/15.

Additional documents:

Decision:

RECOMMENDED: That Council approve:

 

(i)                 The proposed Treasury Management Strategy for 2011/12, including the annual investment strategy and the minimum revenue provision policy statement;

 

(ii)               The Prudential Indicators for 2011/12 to 2015/16 (Annex A);

 

(iii)             The Specified and Non-specified Investments Schedule (Annex D)

 

(iv)              The Scheme of Delegation and the Role of the Section 151 Officer (Annex F).

 

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

Minutes:

Members considered a report which asked them to recommend to Council the Integrated Treasury Management Strategy Statement and Proposed Prudential Indicators for 2010/11 to 2014/15.

 

The Local Government Act 2003 required the Council to set out its treasury strategy for borrowing and to prepare an annual investment strategy.   In doing so, the Council must have regard to the CIPFA Prudential Code and set Prudential Indicators for at least the next three years.  The Department of Communities and Local Government (CLG) had issued revised investment guidance from 1 April 2010, but no major changes were required beyond those set out in the revised CIPFA Treasury Management Code of Practice adopted by the Council in February 2010, as outlined in paragraph 9.

 

The report outlined the Council’s current treasury portfolio position and its borrowing and investment policies, in the context of the national economic background, as detailed in Annex C.  Prudential Indicators for 2010/11 to 2015/16, interest rate forecasts, a schedule of Specified and Non-specified Investments, approved countries for investments and the Scheme of Delegation and Role of the Section 151 Officer were attached at Annexes A, B, D, E and F respectively. 

 

RECOMMENDED: That Council approve:

 

(i)                 The proposed Treasury Management Strategy for 2011/12, including the annual investment strategy and the minimum revenue provision policy statement;

 

(ii)               The Prudential Indicators for 2011/12 to 2015/16 (Annex A);

 

(iii)             The Specified and Non-specified Investments Schedule (Annex D)

 

(iv)              The Scheme of Delegation and the Role of the Section 151 Officer (Annex F).

 

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


 

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