Issue - meetings

Consideration was given to the report on the Treasury Management Strategy Statement and Investment Strategy 2007/08 to 2009/10.  The Head of Financial Services also gave a brief presentation on the Strategies which were required to comply with the Local Government Act 2003 and to ensure that the Council demonstrates accountability and effectiveness in the management of its funds.  Following consideration it was

RECOMMENDED:

(a)       that the Strategy attached as Appendix A to the report be approved and adopted;

(b)       that the Authorised Limit for borrowing be set at £6,000,000 as required by CIPFA ;

(c)        that the maximum level of investment to be held within each organisation be set at £3,000,000.