Decision details
Treasury Management Strategy Statement and Annual Investment Strategy Mid-year Review Report 2011/12
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: No
Purpose:
This report is presented in line with the
Chartered Institute of Public Finance and Accountancy (CIPFA) Code
of Practice for Treasury Management which suggests that members
should be informed of Treasury Management activities at least twice
a year, but preferably quarterly.
This report therefore ensures this Council is embracing Best
Practice in accordance with CIPFA’s Code of
Practice.
Decisions:
The Report of the Portfolio Holder for Corporate Services and Assets presenting Members with the Mid-year review of the Treasury Management Strategy Statement and annual Investment Strategy and seeking to gain Members approval to the recommended changes outlined within the report was considered.
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RESOLVED: |
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That: |
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1 |
The Treasury Management Strategy Statement and Annual Investment Strategy Mid-year Review Report 2011/12 be accepted, and; |
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2 |
The revision to the Prudential and Treasury indicators and limits for 2011/12 to 2013/14 contained within the report and at Appendix 1, as a result of the new Housing Finance system be approved, and; |
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3 |
The inclusion of additional capital expenditure of £45.15m (subject to finalisation) in the 2011/12 Capital Programme, to facilitate the capital financing implications of the new Housing Finance system be approved and the Corporate Director Resources be authorised to make payment to the Department for Communities and Local Government. |
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(Moved by Councillor D Cook and seconded by Councillor M Greatorex) |
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Report author: Phil Thomas
Publication date: 06/12/2011
Date of decision: 23/11/2011
Decided at meeting: 23/11/2011 - Cabinet
Accompanying Documents:
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