Issue - meetings

Report of the Interim Chief Accountant is circulated

Councillor Fleur de Rhe Philipe Cabinet member for Finance, Performance and Risk presented the report which reviewed the actual cash position at the end of 2009-10 against the original forecast for the year.  Pris and other treasury management strategies set for 2009-10 against actual positions resulting from actions within the year and investments during the year in the context of the Annual Investment Strategy.

Councillor Fleur de Rhe Philipe commented that the Council was in a good position.  She also added that it was hoped that the Council would get the majority of its money back form the Icelandic banks.

Resolved:

That Cabinet note

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.

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.