Agenda item

Councillor Roger Ramsey, the Cabinet Member for Value, introduced the report

Each year the Council receives and approves, as a minimum, three main reports which incorporate a variety of polices, estimates and actuals.  It was noted that such reports were scrutinised by the Audit Committee before presented to Cabinet for recommendation to Council.

The subject of the report before Cabinet members was the ‘Prudential and Treasury Indicators and Treasury Strategy’. The report covered the following areas:

·          the capital plans (including prudential indicators);

·         a Minimum Revenue Provision Policy (how residual capital expenditure was charged to revenue over time);

·          the Treasury Management Strategy (how the investments and borrowings were organised) including treasury indicators; and

·         an investment strategy (the parameters on how investments were managed).

The Treasury Management Strategy Statement, which incorporates the Minimum

Revenue Provision Policy Statement and the Annual Investment Strategy, were

attached as an appendix to the report.

Reasons for the decision:

The statutory Codes set out that the Council ought to approve a Treasury Management Strategy Statement, the MRP Strategy and the Annual Investment Strategy for 2013/14.

Other options considered:

            There were no good reasons to depart from the provisions of the relevant Codes.

Cabinet agreed the Treasury Management Strategy Statement (TMSS) which incorporated the MRP Strategy and the Annual Investment Strategy 2013/14, and recommends to Council that the TMSS be approved.