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.