Issue - meetings

Report by the Service Director, Finance

Cllr Dick Tonge, Cabinet Member for Finance, Performance, Risk, Procurement and Welfare Reform presented a report which gave details of the treasury management performance for 2012/13.

The report reviewed the prudential and treasury indicators and other treasury management strategies for the period against the actual positions resulting from actions within the year. The report also reviewed investments during the year in the context of the Annual Investment Strategy. Cllr Tonge guided Cabinet through the key points of the report.

Cllr Jon Hubbard on behalf of the Budget Scrutiny Task Group thanked Cllr Tonge for his assistance in responding to questions from the Task Group.

Resolved:

That Cabinet note:

a)        Prudential Indicators, Treasury Indicators and other treasury management strategies set for 2012-13 against actual positions resulting from actions within the year as detailed in Appendix A of the report presented; and

b)        Investments during the year in the context of the Annual Investment Strategy as detailed in Appendix B of the report presented.

Reason for decision

This report is required by the Prudential Code for Capital Finance in Local Authorities and the CIPFA Code of Practice for Treasury Management in the Public Services.