Issue - meetings

In February 2012 the Council adopted the 2011 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, review performance during the year, and approve an annual report after the end of each financial year.

This report gives details of performance against the Council’s Treasury Management Strategy and Annual Investment Plan 2013/14 for the first six months of 2013/14

The Council considered a report giving details of performance against the Council’s Treasury Management Strategy and Annual Investment Plan 2013/14 for the first six months of 2013/14.

On a motion from Councillor David Bellotti, seconded by Councillor Nigel Roberts, it was

RESOLVED (unanimously)

1.  To note the Treasury Management report to 30^th September 2013, prepared in accordance with the CIPFA Treasury Code of Practice; and

2.  To note the Treasury Management Indicators to 30^th September 2013.

This report gives details of performance against the Council's Treasury Management Strategy and Annual Investment Plan 2013/14 for the first 6 months of 2013/14

David Redgewell in an ad hoc statement asked the Cabinet to find a home for the West of England Partnership once it had lost its present space in Wilder House, Bristol.

Councillor David Bellotti introduced the item by explaining that this item was about how the Council managed its cash and debts.  He thanked officers for helping to reduce the huge historical debt.  He was pleased that the Council had avoided making risky investments in countries such as Iceland and Portugal.  He moved the proposals with pleasure.

Councillor Paul Crossley seconded the proposal.  He advised David Redgewell that it had been felt that Wilder House had not been the most suitable venue for the West of England Partnership, so alternative venues were being explored.  He promised to get back to David once more information was available.

On a motion from Councillor David Bellotti, seconded by Councillor Paul Crossley, it was

RESOLVED (unanimously)

(1) To NOTE the Treasury Management Report to 30th September 2013, prepared in accordance with the CIPFA Treasury Code of Practice;

(2) To NOTE the Treasury Management Indicators to 30th September 2013; and

(3) To ASK that this Treasury Management Report and attached appendices be reported to November Council and December Corporate Audit Committee.