Cabinet resolved to recommend the Assembly:
(i) To adopt the Treasury Management Strategy Statement for 2014/15 attached as Appendix 1 to the report and, in doing so, to:
(a) Note the current treasury position for 2013/14 and prospects for interest rates, as referred to in sections 6 and 7 of Appendix 1 to the report;
(b) Approve the Council’s Borrowing Strategy, Debt Rescheduling Strategy and Policy on borrowing in advance of need for 2014/15 as referred to in sections 9 - 12 of Appendix 1 to the report;
(c) Approve the Authorised Borrowing Limit (General Fund and HRA) of £500m for 2014/15, representing the statutory limit determined by the Council pursuant to section 3(1) of the Local Government Act 2003, as set out in Appendix 1B to the report;
(d) Approve the Treasury Management Indicators and Prudential Indicators for 2014/15, as set out in Appendix 1B to the report;
(e) Approve the Minimum Revenue Policy Statement for 2014/15, representing the Council’s policy on repayment of debt, as set out in Appendix 1C to the report; and
(f) Approve the Annual Investment Strategy and Creditworthiness Policy for 2014/15 outlining the investments that the Council may use for the prudent management of its investment balances, as set out in Appendix 1D to the report.