Issue - meetings

To consider the recommendation from the meeting of Cabinet held on 14 February 2011 and to approve the Treasury Management Strategy and the Minimum Revenue Provision Statement for 2011/12, which includes the Department for Communities and Local Government (DCLG) reporting requirements, in accordance with the Local Government Investments Guidance under Section 15(1)(a) of the Local Government Act 2003, as set out in Appendix A to the Report.

Cabinet, at its meeting on 14 February 2011, considered the Treasury Management Strategy for 2011/12 to 2013/14, including the prudential indicators and limits required under Part 1 of the Local Government Act 2003, the Annual Investment Strategy 2010/11, and the Minimum Revenue Provision statement for the redemption of debt for 2011/12.

The Treasury Management Strategy was defined as the management of the Council’s investment and cash flows, its banking, money market and capital transactions, the effective control of risks associated with those activities and the pursuit of optimum performance consistent with those risks.

Cabinet recommended that Council approve the Treasury Management Strategy and the Minimum Revenue Provision Statement 2011/12. It was noted that the Strategy included the Department for Communities and Local Government reporting requirements in accordance with the Local Government Investments Guidance under Section 15(1) (a) of the Local Government Act 2003 (Appendix A of the Cabinet report).

RESOLVED

That the Treasury Management Strategy and the Minimum Revenue Provision Statement 2011/12 be approved.