Decision details

(See pages 107 – 128 of the main agenda)

The Mayor reminded everyone that the meeting had earlier agreed to refer Amendment E to the Pensions Advisory Panel.

In accordance with council assembly procedure rule 2.11 (2), the report was formally moved by the Mayor.

The recommendations contained with in the report were put to the vote and declared to be carried.

RESOLVED:

That council assembly:

1.  Noted the treasury management strategy 2014/15 to be managed by the strategic director of finance and corporate services under financial delegation.

2.  Noted the treasury management policy set out in paragraph 9 of the report

3.  Agreed the annual investment strategy 2014/15 set out in paragraphs 13 to 24 of the report, with capital preservation a key objective, in line with government guidance on investments.

4.  Agreed prudential indicators covering capital finance and treasury management for the years 2014/15 to 2016/17 referred to in paragraph 33 of the report and  set out in Appendix B of the report.

5.  Agreed the minimum revenue provision statement, setting aside prudent sums to reduce debt, referred to in paragraphs 34 and 35 of the report and set out in Appendix C of the report.