Issue - meetings

Received a report from the Corporate Director of Finance and Commercial Services setting out the Treasury Management Annual Investment Strategy Statement and the Council’s Prudential Indicators.

Agreed:

1.  The Treasury Management Annual Investment Strategy as set out in Appendix 1 to the report;

2.   An authorised borrowing limit of £200 million 2010/11; and

3.  The Treasury indicators for 2010/11 through to 2012/13 as also set out in Appendix 1.

Received a report from the Corporate Director of Finance and Commercial Services on the proposed Treasury Management Annual Investment Strategy Statement, Treasury and Prudential Indicators, Annual Investment Strategy and Borrowing Limits for 2010/11, in line with statutory requirements under Section 15(1) of the Local Government Act 2003.

Recommend the Assembly to approve the Treasury Management Strategy Statement for 2010/11 and, in doing so:

  (i)  To agree an authorised borrowing limit of £200million for 2010/11 as the statutory limit determined under section 3(1) of the Local Government Act 2003, as detailed in section 4 of the report;

  (ii)  To adopt the Borrowing Strategy and Debt Rescheduling Strategy for 2010/11 as detailed in sections 7 and 8 respectively of the report; 

  (iii)  To adopt the Minimum Revenue Provision Strategy for 2010/11 which sets out the Council’s policy on repayment of debt, as detailed in section 9 of the report; 

  (iv)  To adopt the Annual Investment Strategy for 2010/11, which outlines the investments that the Council may use for the prudent management of its investment balances and benchmarks set for external managers, as set out in section 10 of the report;

  (v)  To agree the Treasury Management Indicators and Prudential Indicators for 2010/11 as set out at Appendix A to this report; and

  (vi)  To agree the Treasury Management Practices and Scheme of Delegation as set out at Appendix D and the Reporting Arrangements at Appendix E to this report.