Agenda item

Council assembly to note the treasury management strategy 2012/13 and agree the annual investment strategy.

(See pages 92 – 117 of the main agenda)

This report was considered after the guillotine had fallen, therefore in accordance with council assembly procedure rule 1.12(3) & (4), the report was afforded up to a maximum of 15 minutes.

In accordance with council assembly procedure rule 2.11(1), Councillor Richard Livingstone moved the report.

Following debate (Councillor Toby Eckersley and Fiona Colley), the recommendations contained within the report were put to the vote and declared to be carried.

RESOLVED:

1.  That council assembly noted the treasury management strategy 2012/13 to be managed by the finance director under financial delegation.

2.  That the annual investment strategy 2012/13 set out in Appendix A of the report, with capital preservation a key objective, in line with government guidance on investments be agreed.

3.  That prudential indicators covering capital finance, borrowing and cash management for the years 2012/13 to 2014/15, set out in Appendix B of the report, be agreed.

4.  That the annual minimum revenue provision statement 2012/13, which sets aside prudent sums from revenue to reduce debt, set out in Appendix C of the report, be agreed.

5.  That a capital allowance of £192m, described in paragraphs 28 – 30 of the report, enabling the council to continue retaining capital receipts for affordable housing and regeneration be agreed.