Issue - meetings

Report of Strategic Director Customer Service and Resources and Chief Accountant

**Please note Appendix 1 is to follow**

Summary

This report sets out the strategy and policy framework for treasury operations for 2009/10 and outlines the Council’s prudential indicators for 2009/10 – 2012/13 as approved by Council on 23 February 2009.  It fulfils two key requirements of the Local Government Act 2003:-

·        approval of the Treasury Management Policy in accordance with the CIPFA Code of Practice on Treasury Management; and

·        approval of the Investment Strategy in accordance with the DCLG investment guidance.

Recommendations

The Executive is recommended:

1)     to recommend to Council approval of the Treasury Management Policy and Investment Strategy 2009/10.

Agreed

The Strategic Director for Customer Service and Resources and the Chief Accountant submitted a report which set out the strategy and policy framework for treasury operations for 2009/10 and outlined the Council’s prudential indicators for 2009/10 – 2012/13 as approved by the Council on 23 February 2009.

Resolved

1)                 That the Council be recommend to approve the Treasury Management Policy and Investment Strategy 2009/10.

Reasons – to determine the Council’s policy on the management of its loans and investments with reference to both risk and risk revenue implications.