Decision details

Cabinet resolved to recommend the Assembly:

(i)  To note the Treasury Management Annual Report for 2013/14;

(ii)  To note that the Council complied with all 2013/14 treasury management indicators;

(iii)  To note that the Council did not borrow in 2013/14 to finance its capital programme but utilised internal cash in line with its strategy;

(iv)  To agree an increase in the period the Council can invest with the Royal Bank of Scotland (RBS) from one year to a maximum of two years, as outlined in section 4.5 of the report.;

(v)  To approve the actual Prudential and Treasury Indicators for 2013/14; and

(vi)  To delegate authority to the Chief Finance Officer, in consultation with the Cabinet Member for Finance, to approve appropriate amendments to the authorised and operational borrowing limits and proportionally amend the counterparty lending limits within the Treasury Management Strategy Statement, to reflect the decisions made in respect of the “Gascoigne Estate (East) Phase 1 and Abbey Road Phase 2 Funding Proposals” (item 18 on the agenda).