Decision details

To consider any issues required for the preparation of the three year financial plan, including Government grant announcements, financial pressures and service changes.

Further to Minute No. 67 of the Cabinet meeting held on 26 February 2015, 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 2015/16.

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 2015/16 as set out in  Annex A of the report;

(2)       the Treasury Management Strategy Document for 2015/16 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 2015/16.