Issue - meetings

In February 2010 the Council adopted the 2009 edition of the CIPFA Treasury Management in the Public Services: Code of Practice, which requires the Council to approve a Treasury Management Strategy before the start of each financial year, a mid year report, and an annual report after the end of each financial year.  This report gives mid year details of performance against the Council’s Treasury Management Strategy and Annual Investment Plan 2010/11 for the first six months of 2010/11.

Councillor Malcolm Hanney proposed the item.  He felt that the report showed clearly that the financial management had been performed very well.

Councillor Charles Gerrish seconded the proposal.

On a motion from Councillor Malcolm Hanney seconded by Councillor Charles Gerrish it was

RESOLVED (unanimously)

(1) To NOTE the Treasury Management Report to 30th September 2010, prepared in accordance with the CIPFA Treasury Code of Practice;

(2) To NOTE the Treasury Management Indicators to 30th September 2010;

(3) To ASK the Divisional Director, Finance, to submit the Treasury Management Report and attached appendices to November Council.