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, and to receive a mid year report and 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 for 2011/12.

Councillor David Bellotti moved the recommendations.  He reported that the Council’s planned borrowing had been reduced from £204M to £160M and said that officers were to be commended for achieving this.

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 2011/12 Treasury Management Annual Report to 31st March 2012, prepared in accordance with the CIPFA Treasury Code of Practice;

(2) To NOTE the 2011/12 actual Treasury Management Indicators; and

(3) To AGREE that the Treasury Management Report and attached appendices are reported to July Council.