Issue - meetings

Cabinet, at its meeting on 13 February 2014, will consider a report on the council’s treasury management strategy (TMS) for 2014/15 to 2016/17 and set out the expected treasury operations for this period.

The report of the Head of Finance, which Cabinet will consider on 13 February 2014, was circulated to all councillors. Please bring this report to the meeting.

The recommendation of Cabinet will be circulated to councillors on Friday 14 February.

Council considered Cabinet’s recommendations, made at its meeting on 13 February 2014, on the approval of the treasury management strategy 2014/15 to 2016/17.

RESOLVED: to approve:

a.      the treasury management strategy 2014/15 to 2016/17, incorporating the annual investment strategy, contained within appendix A of the report of the Head of Finance to Cabinet on 13 February 2014;

b.      the prudential indicators and limits for 2014/15 to 2016/17, contained within appendix A of the report of the Head of Finance to Cabinet on 13 February 2014.

Purpose: to present the council’s treasury management strategy (TMS) for 2014/15 to 2016/17 and set out the expected treasury operations for this period.  It comprises of four elements required by legislation.

Cabinet considered the report of the Head of Finance that presented the council’s treasury management strategy (TMS) for 2014/15 to 2016/17 and set out the expected treasury operations for this period. It comprised four elements required by legislation: the prudential indicators, the treasury management strategy, the annual investment strategy and a statutory duty to approve a minimum revenue provision policy for 2014/15.

Cabinet agreed the recommendations to provide the parameters within which officers would operate the council’s treasury management function.

RESOLVED: to recommend Council to approve:

a.      the treasury management strategy 2014/15 to 2016/17, incorporating the annual investment strategy, contained within appendix A of the report of the Head of Finance to Cabinet on 13 February 2014;

b.      the prudential indicators and limits for 2014/15 to 2016/17, contained within appendix A of the report of the Head of Finance to Cabinet on 13 February 2014.