Issue - meetings

The purpose of this report is to ask the Cabinet to recommend that Council approve the

·                   Integrated treasury management strategy statement including the annual investment strategy and the minimum revenue provision policy statement;

·                    Prudential indicators for 201213to 2016/17

·                    Revised treasury management policy statement

·                    Specified and non-specified investments schedule and the

·                   Treasury management scheme of delegation and role of the section 151 officer

RECOMMENDED:   That Council approve:

i)             The proposed Treasury Management Strategy for 2012/13 including the annual investment strategy and the minimum revenue provision policy statement;

ii)            The Prudential Indicators for 2012/13 to 2016/17 in the main body of the report (Annex A);

iii)           The Specified and Non-specified investments schedule (Annex C)

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

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

Members considered a report which asked them to recommend to Council the Integrated Treasury Management Strategy Statement and proposed Prudential Indicators for 2012/13 to 2016/17.

The treasury management strategy for 2012/13 covered both capital and treasury issues which were listed in paragraph 6 of the report. Output of the capital programme was reflected in the capital prudential indicators (PI) which were detailed in Annex A and explained throughout the report.

A key issue facing the Council in 2012/13 was the impact of planned HRA self financing reform which ended the impact of the housing subsidy system. Details of the effects on the prudential indicators was outlined at paragraphs 9 and10.

The report outlined the Council’s current treasury portfolio position and its borrowing and investment strategies. Details of the Interest Rate Forecast for 2011/2015, a schedule of Specified and Non-Specified Investment categories, approved countries for investment and the Treasury Management Scheme of Delegation and Role of the Section 151 Officer were attached at Annexes B, C, D and E respectively.

RECOMMENDED:   That Council approve:

i)             The proposed Treasury Management Strategy for 2012/13 including the annual investment strategy and the minimum revenue provision policy statement;

ii)            The Prudential Indicators for 2012/13 to 2016/17 in the main body of the report (Annex A);

iii)           The Specified and Non-specified investments schedule (Annex C)

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

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