Issue - meetings

Assembly received this report introduced by Jonathan Bunt, the Chief Finance Officer, in accordance with the Revised CIPFA Code of Practice for Treasury Management in the Public Services.  The report included details of the outturn position for treasury activities and highlighted compliance with the Council’s policies previously approved by the Assembly.

The Assembly:

(i)  noted the Treasury Management Annual Report for 2012/13;

(ii)  noted that the Council complied with all 2012/13 treasury management indicators;

(iii)  noted that the Council did not borrow to finance its capital programme in 2012/13 but utilised internal cash in line with its strategy;

(iv)  noted the change required in the 2013/14 Treasury Management Strategy Statement to the wording for the counterparty limit for Lloyds TSB, as outlined in section 6.3 of the report; and

(v)  approved the actual Prudential and Treasury Indicators for 2012/13 as set out in Appendix 1 to the report.

The Leader introduced the report.

Cabinet resolved to recommend the Assembly:

(i)  To note the Treasury Management Annual Report for 2012/13;

(ii)  To note that the Council complied with all 2012/13 treasury management indicators;

(iii)  To note that the Council did not borrow to finance its capital programme in 2012/13 but utilised internal cash in line with its strategy;

(iv)  To note the amendment in the 2013/14 Treasury Management Strategy Statement to the wording for the counterparty limit for Lloyds TSB, as outlined in section 6.3 of the report; and

(v)  To approve the actual Prudential and Treasury Indicators for 2012/13 as set out in Appendix 1 to the report.