Issue - meetings

Treasury Management Strategy Mid-Year Review

 

 

Meeting: 04/12/2013 - Overview and Scrutiny Committee (Item 589)

589 TREASURY MANAGEMENT STRATEGY MID-YEAR REVIEW pdf icon PDF 176 KB

A report from the Deputy Leader and Cabinet Member for Finance and Corporate Affairs is attached.

 

 

 

 

Minutes:

The Deputy Leader and Cabinet Member for 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;

               

In response to a question relating to the funding for lending scheme, the Assistant Director of Resources undertook to find out the detailed information and report back to Councillor Carter.

 

During discussion of this item, the Assistant Director took the opportunity to update the Committee on the processes in place as the Council look to source another bank due to the Co-op bank withdrawing from Local Authority banking.

               

It was agreed:

               

That the Treasury Management Team be congratulated on their good performance managing the in investments of the Council.

 

 

Meeting: 27/11/2013 - Cabinet (Item 566)

566 Treasury Management Strategy Mid-Year Review pdf icon PDF 176 KB

Minutes:

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.