Decision details

1.                  That the future borrowing and investment strategies as outlined in this report be approved and that the Executive Director of Finance and Corporate Governance be authorised to arrange the Council’s cashflow, borrowing and investments in 2013/14.

2.                  That in relation to the Council’s overall borrowing for the financial year the comments and the Prudential Indicators as set out in this report, be noted.

3.                  That 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 April 2013, be approved.

4.                  That the Money market Funds set out in Table 1 of Appendix B to the report for use as part of the Council’s investment strategy, be approved.