Issue - meetings

Consideration was given to a report on a Treasury Management Strategy Statement and Investment Strategy 2010/2011 to 2012/2013. Following discussion it was

RECOMMENDED:

(a)       that the Treasury Management Strategy Statement and Investment Strategy 2010/2011 to 2012/2013, together with the prudential indicators set out in appendix B be approved;

(b)       that the Authorised  Limit for borrowing be set at £6,500,000;

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

(d)       that the unlimited level for investment in Debt Management Account Deposit Facility be approved; and

(e)       that the Treasury Management Policy statement set out in appendix F be approved. 

RESOLVED:

(a)       that it be noted that the Audit Board will be undertaking additional scrutiny of the Strategy during 2010/2011 to ensure the Council’s investments are being managed in a risk free environment; and

(b)       that it be noted that Member training for Treasury Management will be incorporated into the Modern Councillor Programme and prioritised in accordance with other training needs.