Issue - meetings

The purpose of this report is to provide information to members on borrowing and investment activity, and performance compared to prudential indicators during 2009/10. It also sets out revised requirements in the 2009 Treasury Management Code of Practice and a progress report for 2010/11 as required by the revised Code. As the Treasury Management Annual Report should be agreed by Full Council, the Executive is asked to recommend them to Full Council for approval.

that Full Council be recommend to:

(i)         adopt the 2009 Treasury Management Code of Practice (paras 3.3 – 3.5)

(ii)        approve the Treasury Management Annual Report (section 3); and Annual Investment Strategy Report (section 4)

(iii)       note the outturn for prudential indicators (section 5)

(iv)       note the updated position in 2010/11 (para.3.25).

The purpose of the report from the Director of Finance and Corporate Resources was to provide information on borrowing and investment activity, and performance compared to prudential indicators during 2009/10. It also set out revised requirements in the 2009 Treasury Management Code of Practice and a progress report for 2010/11 as required by the revised Code. Councillor Butt (Lead Member, Resources) welcomed the report which was positive and asked the Executive to recommend it to Full Council for approval.

RESOLVED:-

that Full Council be recommended to:

(i)         adopt the 2009 Treasury Management Code of Practice as set out in the report from the director of Finance and Corporate Resources;

(ii)        approve the Treasury Management Annual Report (section 3); and Annual Investment Strategy Report (section 4);

(iii)       note the outturn for prudential indicators (section 5);

(iv)       note the updated position in 2010/11 (para. 3.25).