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66 Annual Treasury Management Report 2014/15 PDF 334 KB
Minutes:
Matter for
Decision
The Council is required by
regulations issued under the Local Government Act 2003, to produce an annual
treasury report reviewing treasury management activities and the actual
prudential and treasury indicators for each financial year.
The report met the
requirements of both the CIPFA Code of Practice on Treasury Management (the
Code) and the CIPFA Prudential Code for Capital Finance in Local Authorities
(the Prudential Code) in respect of 2014/15.
Decision
of Executive Councillor for Finance and Resources
The
Executive Councillor:
i.
Agreed
to recommend the report to Council, which included the Council’s actual
Prudential and Treasury Indicators for 2014/15.
ii.
Agreed
to recommend to Council changes (shown in bold) to our Counterparty List as
highlighted within Appendix D of the Officer’ report.
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 regarding the Annual Treasury Management report.
The Committee sought clarification regarding organisations on the
Counterparty list. The Head of Finance confirmed that there were
organisations on the list that were never used as their rates were
uncompetitive.
The Committee resolved by 6 votes to 0 to endorse the recommendations.
The Executive Councillor approved the recommendations.