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, 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 2011/12 for the first nine months of 2011/12.

Councillor David Bellotti, in proposing the item, said that by 2015, instead of a borrowing requirement of £205M which had been the case previously, the Cabinet would have reduced this by more than £30M.

Councillor Paul Crossley seconded the proposal.

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

RESOLVED (unanimously)

(1) TO NOTE the Treasury Management Report to 31st December 2011, prepared in accordance with the CIPFA Treasury Code of Practice; and

(2) To NOTE the Treasury Management Indicators to 31st December 2011.