Decision details

Cabinet considered the Treasury Management Annual Report for 2012/13.

The report dealt with:

• the Council’s treasury year-end position
• forecast prospects for interest rates for 2012/13
• interest rate outturn for 2012/13
• compliance with treasury limits
• investment strategy for 2012/13
• borrowing strategy for 2012/13
• economic events of 2012/13
• Prudential indicators 2012/13

The Portfolio Holder for Finance pointed out that in accordance with Council policy, external borrowing was being maintained at the current level but that existing loans were being replaced with cheaper options.

RESOLVED

That the Treasury Management Annual Report for 2012/13 as detailed in Appendix A to the report be noted.