Issue - meetings

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.

This report has been circulated separately as Supplementary Agenda 2.

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.