Decision details

To note the treasury management strategy and agree the investment strategy, capital financial and treasury indicators, and provisions for debt

(See pages 186 – 205)

In accordance with council assembly procedure rule 2.11 (1), Councillor Fiona Colley, cabinet member for finance, strategy and performance, moved the report.

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

RESOLVED:

1.  That council assembly notes the treasury management strategy 2015/16 to be managed by the strategic director of finance and corporate services under financial delegation.

2.  That the treasury management policy set out in paragraph 9 of the report be noted.

3.  That the annual investment strategy 2015/16 referred to in paragraphs 14 to 17 of the report and set out at Appendix A of the report be agreed.

4.  That the prudential indicators covering capital finance and treasury management for the years 2015/16 to 2017/18 referred to in paragraph 25 of the report and set out in Appendix B of the report be agreed. 

5.  That the minimum revenue provision statement, setting aside prudent sums to reduce debt and long term liabilities, referred to in paragraphs 26 to 27 of the report and set out in Appendix C of the report be agreed.

Note:  The cabinet recommendation had not been amended, therefore in accordance with the budget and policy framework procedure rule 2 (e), the decision was implementable with immediate effect.