Issue - meetings

Three Year Budget Plan 2014/15 - 2016/17

 

 

Meeting: 05/03/2015 - Council (Item 82)

82 Treasury Management Policy and Strategy 2015/16 pdf icon PDF 7 MB

Report of the Head of Corporate Finance and ICT

Minutes:

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.

Meeting: 26/02/2015 - Cabinet (Item 67)

67 Treasury Management Policy and Strategy 2015/16 pdf icon PDF 293 KB

Report of the Head of Corporate Finance and ICT

Minutes:

The Cabinet 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.

 

The Head of Corporate Finance and ICT referred to the proactive work undertaken by the Treasury Management Team which had enabled reductions in debt management costs of over £3m to be achieved in the last three years.

 

Decision Made:

 

That the Council be recommended to give approval 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 basis to be used in the calculation of the Minimum Revenue Provision for Debt Repayment in 2015/16.

 

Reasons for Decision:

 

To enable the Council to effectively manage its treasury activities.

 

Alternative Options considered and Rejected:

 

None