That Council:
a) Adopt the Minimum Revenue Provision Policy
(paragraph 32 – 34);
b) Adopt the Prudential and Treasury Indicators
(paragraphs 24 – 31, 40 – 49
and Appendix A);
c) Adopt the Annual Investment Strategy (paragraph
77 onwards), including the ratification of the adjustment of the
minimum requirement for high credit quality, the limits for certain
counterparties and the ability to invest in the CCLA property
fund;
d) Delegate to the Director of Finance and
Procurement the authority to vary the amount of borrowing and other
long-term liabilities within the Treasury Indicators for the
Authorised Limit and the Operational Boundary;
e) Authorise the Director of Finance and Procurement
to agree the restructuring of existing long-term loans where
savings are achievable or to enhance the long-term
portfolio;
f) Agree that short term cash surpluses and deficits
continue to be managed through temporary loans and
deposits;
g) Agree that any surplus cash balances not required
to cover borrowing are placed in authorised money-market funds,
particularly where this is more cost effective than short term
deposits and delegate to the Interim Director of Finance and
Procurement the authority to select such funds.