Decision details

There is a legal requirement for the Council to set its policies and strategies with regard to the forthcoming year’s borrowing and investments. In addition, boundaries / indicators to enable measurement of performance on its treasury management activities are also required to be established prior to the start of the next financial year

Further to Minute No. 100 of the Cabinet meeting held on 27 February 2014, the Council considered the report of the Head of Corporate Finance and ICT which provided details of the proposed procedures and strategy to be adopted in respect of the Council’s Treasury Management Function in 2014/15.

It was moved by Councillor P. Dowd, seconded by Councillor Maher and

RESOLVED:

That approval be given to:

(1)       the Treasury Management Policy Document for 2014/15 as set out in  Annex A of the report;

(2)       the Treasury Management Strategy Document for 2014/15 as set out in  Annex B of the report;

(3)       the amendment to the banking arrangements contained within the Financial Procedure Rules of the Constitution as referred to in paragraph 3 and Annex A of the report; and

(4)       the option set out in paragraph 4.4 of the report being used as the basis for the calculation of the Minimum Revenue Provision for Debt Repayment in 2014/15.