Issue - meetings

Annual Report on Treasury Management 2009/10

Meeting: 09/11/2010 - Council (Item 68)

68 Annual Report on Treasury Management 2009/10

To consider a report by the Interim Chief Finance Officer

Supporting documents:


Cllr Fleur de Rhe Philipe, Cabinet member for Finance, Performance and Risk presented the Annual Report on Treasury Management for 2009/10 for consideration. This would enable Councillors to consider the performance of the Council against the parameters set out in the last approved Treasury Management Strategy. It was noted that the report had been considered and agreed by Cabinet at its meeting on 14 September 2010. Cllr de Rhe Philipe explained that quarterly reports would be presented to Cabinet on the Strategy to enable close monitoring of investments and Prudential Indicators.


In response to a question from Cllr Colmer, Cllr de Rhe Philipe undertook to provide him with a written reply to confirm the amount originally invested with Icelandic banks, the amount recovered, the amount we anticipate in recovering and the amount that would be lost from the Council’s original estimate.




That Council notes:


a)    the actual cash position at the end of 2009-10 against the original forecast for the year;


b)   PrIs and other treasury management strategies set for 2009-10 against actual positions resulting from actions within the year as detailed in Appendix A of the report presented and


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