This report presents the revised Treasury Management Strategy for 2011/12 to take account of Housing Revenue Account reform, and the Treasury Management Strategy for 2012/13 together with the Prudential Indicators for 2011/12 – 2015/16.

The report contains a number of recommendations (to Council via the Board) as follows:-

v     Adopt and approve the revised Treasury Management Strategy and Prudential Indicators and limits for 2011/12, which have been amended to allow for Housing Revenue Account borrowing, as set out in Sections 71 – 95 of the report.

v     Adopt and approve the Prudential Indicators and limits for 2012/13 to 2015/16 as set out in Sections 71 – 95 of the report.

v     Approve the Minimum Revenue Provision (MRP) statement at Sections  15 - 19 of the report which sets out the Council’s policy on the payment of debt.

v     Approve the Treasury Management Strategy 2012/13, and the Treasury Prudential Indicators at Sections 20 – 48 of the report.

v     Approve the Investment Strategy for 2012/13 contained in the Treasury Management Strategy, and the detailed investment criteria as set out in Sections  49 – 70 of and Appendices 1 and 2 to the report.

The Head of Finance submitted a report (previously circulated, now appended) presenting a revised Treasury Management Strategy for 2011/12 to take account of HRA reform, and the Treasury Management Strategy for 2012/13 together with the Prudential Indicators for 2011/12 – 2015/16.

Resolved to RECOMMEND Council to:-

(1)       Adopt and approve the revised Treasury Management Strategy and Prudential Indicators and limits for 2011/12, which had been amended to allow for Housing Revenue Account borrowing, as set out in sections 71 - 95 of the report;

(2)       Adopt and approve the Prudential Indicators and limits for 2012/13 to 2015/16 as set out in sections 71 - 95 of the report;

(3)       Approve the Minimum Revenue Provision statement at paragraphs 15 - 19 of the report which sets out the Council’s policy on repayment of debt;

(4)       Approve the Treasury Management Strategy 2012/13, and the Treasury prudential indicators at paragraphs 20 – 48 of the report; and

(5)       Approve the Investment Strategy for 2012/13 contained in the Treasury Management Strategy, and the detailed investment criteria as set out in paragraphs 49 – 70, and appendices 1 and 2 of the report.