Decision details

Received a report from the Corporate Director of Resources setting out the Treasury Management Strategy Statement, Prudential Indicators, Investment Strategy and Borrowing Strategy 2008/09, in compliance with section 15(a) of the Local Government Act 2003.

Agreed, in order to assist the Council to achieve all of its Community Priorities, to recommend that the Assembly approve:

(i)  The Treasury Management Strategy Statement for 2008/09;

(ii)  The Borrowing Strategy for 2008/09 as detailed in the report;

(iii)  The authorised borrowing limit of £150 million for 2008/09, which will be the statutory limit determined under section 3(1) of the Local Government Act 2003;

(iv)  The Annual Investment Strategy for 2008/09, which states the investments that the Council may use for the prudent management of its investment balances;  and

(v)  The Treasury Management Prudential Indicators for 2008/09 as detailed in Appendix A to the report.