Issue - meetings

** Appendices 1 and 2 to this report to follow **

Report of Head of Finance

Summary

This report sets out the strategy and policy framework for treasury operations for 2011/12 and outlines the Treasury Management Practices for 2011/12.

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 CLG investment guidance.

Recommendations

The Executive is recommended:

(1)               To recommend to Council approval of the Treasury Management Policy and Investment Strategy 2011/12.

Recommendations Approved

The Head of Finance submitted a report which set out the strategy and policy framework for treasury operations for 2011/12 and outlines the Treasury Management Practices for 2011/12 which fulfilled 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 CLG investment guidance.

Resolved

(1)               That the Treasury Management Policy and Investment Strategy 2011/12 be recommended to Council for approval.

Reasons

The highest standard of stewardship of public funds remains of the upmost importance to the Council. The2011/12 Treasury Management Strategy and Treasury Management Practices document sets out the Council’s priorities and policies for making, and managing investments made by the Council in the course of undertaking treasury management activities during the 2011/12 financial year.

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