Decision details

Received a report setting out the Treasury Management Annual Strategy Statement, Treasury Prudential Indicators and Annual Investment Strategy.

Councillor Carpenter thanked the Divisional Director of Corporate Finance and his team for the report and said how much she appreciated the performance report which clearly demonstrated a great deal of hard work by him and his team, particularly the medium term strategy which she thought was a model of clarity.

Agreed:

(i)  An authorised borrowing limit of £150 million for 2008/09;

(ii)  The Treasury Management Annual Strategy and Annual Investment Strategy as set out in Appendix 1 of the report; and

(iii)  The Treasury Management Prudential Indicators for 2008/09 to 2010/11 as set out in Appendix A of the report.