Issue - meetings

Report of the Head of Finance

Presented by the Corporate Portfolio Holder

The Corporate Portfolio Holder presented the report to Members.

He informed Members that this was an annual report, which Cabinet needed to consider in order to make recommendations to Council and that the Statement, as proposed complies with statutory, regulatory and professional requirements.

He advised Members that it outlines the expected treasury operations for the forthcoming financial year and it fulfils the four key requirements of the Local Government Act 2003, and then highlighted to Members key points of each section of the Strategy.

He thanked the Head of Finance and his team for the work that had been put into the Statement.

It was moved by Councillor N J Rushton, seconded by R D Bayliss and

RESOLVED THAT:

Cabinet

1)    Re-adopt the CIPFA Treasury Management in Public Services: Code of Practice;

And

2)    Recommend the Treasury Management Strategy Statement 2014/15, Prudential Indicators -revised 2013/14 and 2014/15 to 2016/17, and the Annual Minimum Revenue Provision Statement, for approval by Full Council.

Reason for decision: These are statutory requirements.