(See pages 77 – 100 of the main agenda)
It was noted that an addendum report which set out a revision to paragraph 23 of the main report had been circulated on page 3 of supplemental agenda 1.
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:
1. That it be noted that the treasury management strategy 2013/14 is to be managed by the strategic director of finance and corporate services under financial delegation.
2. That the annual investment strategy 2013/14 set out in Appendix A of the report be agreed, with capital preservation a key objective, in line with government guidance on investments.
3. That prudential indicators covering capital finance, borrowing and cash management for the years 2013/14 to 2015/16 as set out in Appendix B of the report, be agreed.
4. That the annual minimum revenue provision statement which sets aside prudent sums from revenue to reduce debt, set out in paragraph 31 and Appendix C of the report, be agreed.
5. That the proposed changes to capital allowances as set out in paragraph 34 be noted, and the level of capital allowances for 2013/14 be agreed as set out in paragraph 30 should the changes not be implemented.