Issue - meetings

Councillor J D Ablewhite, Executive Leader and Chairman of the Cabinet presented the Report of the meetings of the Cabinet held on 22nd January and 12th February 2015.

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In connection with Item No. 36, it was noted that the recommendations had been considered previously under Minute No. 62.

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In connection with Item No. 37, it was noted that the recommendations had been considered previously under Minute No. 62.

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Whereupon, it was

RESOLVED

  that, subject to the foregoing paragraphs, the Report of the meetings of the Cabinet held on 22nd January and 12th February 2015 be received and adopted.

To consider a report by the Head of Resources containing a proposed Treasury Management Strategy, which is required under the Council’s Code of Financial Management.

Recommended the Council to approve the Treasury Management Policies and Strategy.

Consideration was given to a report by the Head of Resources (a copy of which is appended in the Minute Book) to which were appended the 2015/16 Treasury Management Policy and Statement and the Annual Minimum Revenue Provision Policy. The documents had been considered by the Overview and Scrutiny Panel (Economic Well-Being) whose comments were relayed to the Cabinet. Having been satisfied that both documents met the requirements of the Chartered Institute of Public Finance and Accountancy's Code of Practice and Government guidance, the Cabinet

RESOLVED

  that the Council be recommended to approve the 2015/16 Treasury Management Policy and Statement and the Annual Minimum Revenue Provision Policy.

To consider the draft 2015/16 Treasury Management Strategy prior to its consideration by the Cabinet.

(Executive Councillors J D Ablewhite, J A Gray and R B Howe were in attendance for the discussion on this item).

With the assistance of a report by the Head of Resources  the Panel considered the contents of the draft Treasury Management Policy and Strategy and the Annual Minimum Revenue Provision Policy for 2015/16 (copies of which are appended in the Minute Book). In accordance with its responsibility for scrutinising the management of the Council’s financial investments and borrowing, the Panel:

RESOLVED

that the Cabinet be recommend to Council the approval of:

  the Treasury Management Policy;

  the Treasury Management Strategy, and

  the Annual Minimum Revenue Provision Policy 2015/16.