| Item | Description | Resolution |
|---|---|---|
| PART 1 - PUBLIC | ||
| MATTERS FOR RECOMMENDATION TO THE COUNCIL | ||
| CB 11/020 |
Treasury Management Strategy Statement and Annual Investment Strategy for 2011/12 |
The report of the Director of Finance invited the Cabinet to consider a number of amendments to the Council's investment parameters and to review and recommend adoption of the Treasury Management Strategy Statement and Annual Investment Strategy for 2011/12. Details were given of proposed amendments to the current investment parameters in order to ensure that an adequate number of counterparties were available with whom to invest, to simplify the existing arrangements and provide a common approach to both internally and externally managed funds. A rationalisation of the approach to reporting treasury management activity was also suggested involving the receipt of high level information on performance by the Finance and Property Advisory Board and more detailed scrutiny of activity reports by the Audit Committee. It was noted that the Audit Committee had been asked to review the matters covered by the report at its meeting on 24 January 2011 and the revised arrangements had been commended for adoption. RECOMMENDED: That (1) the investment parameters and reporting arrangements for 2011/12 be amended as outlined in paragraphs 1.2.2 to 1.2.5 of the report; and (2) the Treasury Management Strategy Statement and Annual Investment Strategy for 2011/12, as set out at Annex 1 to the report, be adopted. *Referred to Council |