Issue - items at meetings - Treasury Management Strategy Statement & Investment Strategy 2011/2012 - 2013/2014

Issue - meetings

Treasury Management Strategy Statement & Investment Strategy 2011/2012 - 2013/2014

 

 

Meeting: 11/04/2011 - Audit Board (this committee has been combined with the Audit, Standards & Governance Committee and no longer meets) (Item 47)

47 Treasury Management Strategy Statement & Investment Strategy 2011/2012 - 2013/2014 pdf icon PDF 286 KB

Minutes:

Consideration was given to a report on the Treasury Management Strategy Statement and Investment in relation to Bromsgrove District Council which had been prepared to comply with the Local Government Act 2003 and to ensure that the Council demonstrated accountability and effectiveness in the management of its funds.

 

Members noted that to comply with Treasury Management Best Practice, the Performance Indicators included in the report had previously been reported to Cabinet on 23rd February 2011.

 

RESOLVED:

(a)               that the Audit Board undertake additional scrutiny of the Strategy during 2011/2012 to ensure the Council’s investments were being managed in a risk free environment;

(b)               that the Authorised Limit for borrowing at £3,500,000 if required be noted;

(c)               that the maximum level of investment to be held within each organisation (i.e. bank or building society) at £1m subject to market conditions as detailed at Appendix D to the report be noted; and

(d)               that it be noted that a need for training for Treasury management had been identified and would be incorporated within the Modern Councillor Programme (Training and Development Events for Members).

 

RECOMMENDED:

(a)               that the Council approves the Treasury Management Strategy Statement and Investment Strategy 2011-2012 to 2013-2014 as detailed at Appendix 1 to the report; and

(b)               that the Council approves the unlimited level for investment in Debt Management Account Deposit Facility (DMADF)