Decision details

Recommend to Council any amendments to the Treasury Management Strategy and Treasury and Prudential Indicators.

Matter for Decision

The Council adopted the Chartered Institute of Public Finance and Accountancy (CIPFA) Code of Practice on Treasury Management.

The Code required as a minimum, receipt by Full Council of an Annual Treasury Management Strategy Statement, which included the Annual Investment Strategy and Minimum Revenue Provision Policy for the year ahead, a half year review report and an Annual Report (stewardship report) which covered activities in the previous year.

The half year report had been prepared in accordance with CIPFA’s Code of Practice on Treasury Management.

Decision of Executive Councillor for Finance and Resources

To recommend the report to Council for approval which included the Council’s estimated Prudential and Treasury Indicators 2015/16 to 2018/19.

Reason for the Decision

As set out in the Officer’s report.

Any Alternative Options Considered and Rejected

Not applicable.

Scrutiny Considerations

The Committee received a report from the Head of Finance and s151 Officer.

The Committee made the following comment in response to the report:

     i.        Sought clarification regarding paragraph 7.5 of the officer’s report.

In response to Members’ questions the Head of Finance and s151 Officer said the following:

     i.        Rents were not paid over; reserves in the HRA fund would assist to fund any new build developments.

The Committee unanimously resolved to endorse the recommendations.

The Executive Councillor approved the recommendation.

Conflicts of Interest Declared by the Executive Councillor (and any Dispensations Granted):

Not applicable.