Agenda item

Report:  See pages 8–31 of the main agenda

The Mayor stated that in accordance with council assembly procedure rule 2.11(2), this being an officer report, the recommendations set out in the report were deemed to have been moved and were subject to amendment only.

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

RESOLVED:

1.  That it be noted that the treasury management strategy 2011/12 is to be managed by the finance director under financial delegation.

2.  That the annual investment strategy 2011/12 set out in Appendix A of the report be agreed, keeping capital preservation as a key objective, in line with government guidance on investments.

3.  That prudential indicators covering capital finance, borrowing and cash management for the years 2011/12 to 2013/14 as set out in Appendix B of the report be agreed.

4.  That the annual minimum revenue provision statement 2011/12, which sets aside prudent sums from revenue to reduce debt, as set out in Appendix C of the report, be agreed.

5.  That a capital allowance of £168m, as described in paragraphs 22–24 of the report, enabling the council to continue retaining capital receipts for affordable housing and regeneration be agreed.