Issue - meetings

Treasury Management Strategy Report

 

 

Meeting: 23/02/2011 - Full Council (Item 50)

50 Treasury Management Strategy Report pdf icon PDF 160 KB

The report provides information on the Council’s Treasury Management Strategy for 2011/12 including interest rate projections and borrowing and investment activity reports for the period April to December 2011.

 

The report seeks approval for borrowing limits and authorisation for the Director of Finance and Corporate Services to arrange the Council’s cashflow, borrowing and investments in the year 2011/12.

 

Additional documents:

Minutes:

8.22pm - The report and recommendations were moved for adoption by the Leader of the Council, Councillor Stephen Greenhalgh.

 

The report and recommendations were put to the vote. 

 

FOR                            28

AGAINST                   0

ABSTENTIONS         11

 

The report and recommendations were declared CARRIED.

 

8.23pm - RESOLVED:

 

1.      That the future borrowing and investment strategies and authorise the Director of Finance and Corporate Services to arrange the Council’s cashflow, borrowing and investments in 2011/12 be approved.

 

2.      That the additions to the list of institutions to the Council’s restricted lending list noted at paragraph 10.4 of the report be approved.

 

3.   In relation to the Council’s overall borrowing for the financial year 2011/12, the Prudential Indicators as set out in Section 3 of the report, be approved.

 

4.   That future amendments to the credit criteria be delegated to Cabinet. 

 

 

(Councillor Vaughan announced that he worked for the Financial Services Authority.  He left the Council Chamber during the discussion and did not vote on the report.)

Meeting: 07/02/2011 - Cabinet (Item 6)

6 Treasury Management Strategy Report pdf icon PDF 159 KB

Additional documents:

Minutes:

1.      That the future borrowing and investment strategies and to authorise the Director of Finance and Corporate Services to arrange the Council’s cashflow, borrowing and investments in 2011/12, be approved.

 

2.  That the additions to the list of institutions to the Council’s restricted lending list noted at paragraph 10.4 of the report be approved.

 

3.   In relation to the Council’s overall borrowing for the financial year 2011/12, the Prudential Indicators as set out in Section 3 of the report be approved.

 

4.   That the future amendments to the credit criteria be delegated to Cabinet.