Issue - meetings

Purpose: to note the recommendations of the Audit and Corporate Governance Committee and to recommend Council to approve the treasury management strategy 2013/14 to 2015/16, incorporating the annual investment strategy and the prudential indicators and limits for 2013/14 to 2015/16

Cabinet considered the report of the Head of Finance that asked Cabinet to note the recommendations of the Audit and Corporate Governance Committee that considered the report on 29 January.  It also asked Cabinet to recommend Council to approve the treasury management strategy 2013/14 to 2015/16, incorporating the annual investment strategy and the prudential indicators and limits for 2013/14 to 2015/16.

Cabinet agreed the changes to the strategy, which would allow opportunities to widen the range of institutions the council could lend to, whilst maintaining effective treasury management to meet the council’s strategic objective of managing its business effectively.

RESOLVED: to recommend Council to approve:

a.      the treasury management strategy 2013/14 to 2015/16, incorporating the annual investment strategy, contained within appendix A of the report of the Head of Finance to Cabinet on 14 February 2013;

b.      the prudential indicators and limits for 2013/14 to 2015/16, contained within appendix A of the report of the Head of Finance to Cabinet on 14 February 2013.