Decision details

Further to Minute No. 108 of the Cabinet meeting held on 16 February 2012, 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 2012/13.

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 2012/13 (Annex A);

(2)       the Treasury Management Strategy Document for 2012/13 (Annex B);

(3)       the amendment to banking arrangements contained within the Financial Procedure Rules of the Constitution;

(4)       the Money Laundering Policy Document (Annex C); and

(5)       the option set out in Section 5 of the report being used as the basis for the calculation of the Minimum Revenue Provision for Debt Repayment in 2012/13.