Issue - meetings

Treasury Management Strategy Report

 

 

Meeting: 27/02/2013 - Full Council (Item 41)

41 Treasury Management Strategy pdf icon PDF 247 KB

The report sets out the Council’s Treasury Management Strategy for 2013/14.  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 2013/14.

 

Minutes:

8.44pm - The report and recommendations were formally moved for adoption by the Leader of the Council, Councillor Nicholas Botterill.

 

The report and recommendations were put to the vote:

 

FOR                         27

AGAINST                0

NOT VOTING          13

 

The report and recommendations were declared CARRIED.

 

8.44pm RESOLVED:

 

(1)    That the future borrowing and investment strategies as outlined in the 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 the report be noted.

(3)    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.

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

(Councillor Rory Vaughan did not declare an interest but he withdrew from the meeting during discussion of the matter without speaking or voting thereon, as he worked for the financial regulator.)

 

Meeting: 11/02/2013 - Cabinet (Item 150)

150 Treasury Management Strategy Report pdf icon PDF 250 KB

Minutes:

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.