Issue - meetings

This Council is required through regulations to provide members with an update on treasury management activities at least twice a year.  This report ensures this council is implementing best practice in accordance with the Code and updates on the Treasury Management activities for the period 1 April 2012 to 30 September 2012.

RESOLVED:       That in accordance with the Local Government Act 2003 Cabinet agree to:

i)             Note the treasury management activities in 2012/13.

ii)            Note the movements in the Prudential Indicators at Annex A.

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

Members considered a report which provided an update on treasury management activities for the period 1 April 2012 to 30 September 2012, to ensure that the Council was implementing best practice in accordance with the CIPFA Code of Practice for Treasury Management.

Details of the present economic background and its effect on the Annual Investment Strategy and Portfolio were set out at paragraphs 4 to 29 of the report.

Information on the monitoring of the Prudential Indicators (PI’s to ensure that the Council had operated within the treasury limits and PI’s) was also attached at Annex A.

RESOLVED:       That in accordance with the Local Government Act 2003 Cabinet agree to:

i)             Note the treasury management activities in 2012/13.

ii)            Note the movements in the Prudential Indicators at Annex A.

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