Decision details

Providing information on the Council's Treasury Management Strategy for 2010/11 including interest rate projections and the borrowing and investment activity reports for the period April to December 2009. Seeking approval for borrowing limits and authorisations for the Director of Finance and Corporate Services to arrange the Council's cashflow, borrowing and investments in the year 2010/11.

1.      To adopt the new CIPFA’s Treasury Management in the Public Services Code of Practice, with effect from 1^st April 2010.

2.      To adopt the Treasury Management Policy Statement and clauses as per paragraphs 2 and 3 of the report.

3.      To approve the future borrowing and investment strategies.

4.      In relation to the Council’s overall borrowing   for the financial year 2010/11, approve the Prudential Indicators as set out in Section 3 of this report.

5.      To approved the methodology for establishing credit criteria.

6.      To delegate future amendments to the credit criteria methodology to Cabinet.