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Issue - meetings

Annual Report on Treasury Management 2010-11

Meeting: 26/07/2011 - Cabinet (Item 99)

99 Annual Report on Treasury Management 2010-11

Report of the Interim Chief Finance Officer is circulated

Supporting documents:

Minutes:

In accordance with the CIPFA Prudential Code for Capital Finance in Local Authorities 2003 (The Prudential Code), the Council adopted a Treasury Management Strategy (TMS) for 2010-11, including a set of Prudential and Treasury Indicators (PrIs/Trls) and an Annual Investment Strategy (AIS) at its meeting on 23 February 2010.

 

An interim report was submitted to Cabinet on 25 January 2011 for the period from 1 April to 30 September 2010. Cllr John Brady, Cabinet member for Finance, Performance and Risk presented a report which covered the whole financial year ended 31 March 2011.

 

This report reviewed:

 

·         the actual cash position at the end of 2010-11 against the original forecast for the year;

 

·         PrIs, Trls and other treasury management strategies set for 2010-11 against actual positions resulting from actions within the year and

 

·         investments during the year in the context of the Annual Investment Strategy.

 

Resolved:

 

That Cabinet notes:

 

(a)               the actual cash position at the end of 2010-11 against the original forecast for the year;

 

(b)              PRIs, TRIs and other treasury management strategies set for 2010-11 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.

 

Reason for Decision

 

To give members of the Cabinet an opportunity to consider the performance of the Council against the parameters set out in the last approved Treasury Management Strategy.

 

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.


 

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