Issue - meetings

Received a report setting out the Annual Treasury Strategy Statement and Prudential Indicators for the financial year 2005 / 2006 in respect of the Council's Treasury Management functions. The report also set out the Annual Investment Strategy, in order to meet the requirements of guidance issued by the Secretary of State under Section 15(1) of the Local Government Act 2003.

Agreed to recommend the Assembly agrees:

1.  The Treasury Management Strategy Statement for 2005 / 2006;

2.  The authorised borrowing limit of £10 million for 2005 / 2006, which will be the statutory limit determined under section 3(1) of the Local Government Act 2003, as detailed in paragraph 2 of the report;

3.  The Annual Investment Strategy for 2005 / 2006, which states the investments that the Council may use for the prudent management of its investment balances, as detailed in paragraph 7 of the report; and

4.  The Prudential Indicators for 2005 / 2006 as set out in Appendix A of the report.