Issue - meetings

Received and noted the Treasury Management Annual Report for 2009/10 introduced by the Corporate Financial Controller.

Agreed to approve revisions to the Council’s Treasury Management Strategy to incorporate:

(a)  the new Minimum Revenue Provision Policy as set out in paragraph 7.1 of the report; and

(b)  provisions for the Council to make loans to external organisations in order to deliver continued value for money, in line with the powers vested in local authorities under Section 2 of the Local Government Act 2000, as referred to in paragraph 10 of the report.

Received a report from the Corporate Director of Finance and Commercial Services presenting the Council’s outturn position in respect of its treasury management activities for 2009/10.  The report also set out proposed amendments to the Council’s Treasury Management Strategy in relation to the Minimum Revenue Provision (MRP) Policy and lending to commercial and external organisations, which may be of benefit to the Council under the Strategic Partnering arrangements.

Agreed, in line with the Council’s Financial Rules and CIPFA Guidance, to:-

  (i)  Note the Treasury Management Annual Report for 2009/10; and

  (ii)  Recommend the Assembly to approve revisions to the Council’s Treasury Management Strategy to incorporate:

a.  The new MRP Policy as set out in paragraph 7.1 of the report; and

b.  Provisions for the Council to make loans to external organisations in order to deliver continued value for money, in line with the powers vested in local authorities under Section 2 of the Local Government Act 2000, as referred to in paragraph 10 of the report.