Issue - meetings
Treasury Management - 2011/12 Strategy Update and 2012/13 Strategy
Meeting: 08/02/2012 - City Executive Board (became Cabinet on 13 May 2019) (Item 77)
77 Treasury Management - 2011/12 Strategy Update and 2012/13 Strategy PDF 304 KB
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.
Additional documents:
Minutes:
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.