Decision details

This report provides information on the Council's Treasury Management Strategy for 2012/13. It seeks approval for borrowing limits and authorisation for the Executive Director of Finance and Corporate Governance to arrange the Council's cashflow, borrowing and investments in the year 2012/13.

1.  That the future borrowing and investment strategies be approved and authority be delegated to the Executive Director of Finance and Corporate Governance to arrange the Council’s cashflow, borrowing and investments in 2012/13.

2.  In relation to the Council’s overall borrowing for the financial year 2012/13, the Prudential Indicators as set out in Section 3 of the report be approved.

3.  That the changes to the Treasury Management Policy Statement and the Treasury Management Practices as explained in section 1 of the report and reproduced in Appendices A and B be approved.

4.  That the Council move to a separate HRA and General Fund debt pool with effect from 1^st April 2012 be approved.

5.  That approved be given to pay the HRA investment income on unapplied  HRA receipts and other HRA cash balances calculated at the average rate of  interest earned on temporary investments with effect from 1^st April 2012.