126 Treasury Management and Investment Strategy PDF 204 KB
Minutes:
The Cabinet considered a report on the Treasury Management Strategy Statement and Investment Strategy 2012/13 to 2013/14. It was noted that approval of the Strategy Statement was required under the Local Government Act 2003.
RECOMMENDED:
(a) that the Treasury Management Strategy Statement and Investment Strategy and Prudential Indicators set out in Appendix 1 be approved;
(b) that the Authorised Limit for borrowing at £7,500,000 if required be approved;
(c) that the maximum level of investment to be held within each organisation (i.e. bank or building society) be set as detailed at £3,000,000 subject to market conditions;
(d) that an unlimited level for investment in Debt Management Account Deposit Facility be approved; and
(e) that the Treasury Management Policy as set out in Appendix 2 be approved.
RESOLVED that it be noted that the Audit Board will undertake additional scrutiny of the Strategy during 2013/12 to ensure the Council’s investments are being managed in a risk controlled environment.