Decision details

The Deputy Leader and Cabinet Member – Finance and Corporate Affairs submitted a report prepared in compliance with CIPFA’s Code of Practice to inform Cabinet members on the following areas:

       - An economic update for the 2013/2014 financial year to 30 September 2013;

       - A review of the Treasury Management Strategy Statement and Annual;

       - Investment Strategy;     

       - The Council’s capital expenditure (prudential indicators);

       - A review of the Council’s investment portfolio for 2013/2014;

       - A review of the Council’s borrowing strategy for 2013/2014;

       - A review of any debt rescheduling undertaken during 2013/2014;

       - A review of compliance with Treasury and Prudential Limits for 2013/2014.

Delegated decision:

That the report be noted.

Reason for the decision:

In accordance with CIPFA’s Code of Practice on Treasury Management, the Council is required to note the report.

Other option considered and rejected:

To reject the recommendation.