Decision details

To comply with the Chartered Institute of Public Finance and Accountancy (CIPFA) Code of Treasury Management (2001) and under the prudential borrow regime, it is necessary to report as soon as practicable after the year end on the performance of the treasury management function and its activities.

Relevant Overview and Scrutiny Committee: Business Support Overview and Scrutiny Committee

146/2008 The Cabinet, in accordance with the CIPFA Code of Practice, noted the content and approved this report, in particular the in-house team's success in out-performing the fund managers.
147/2008 The Cabinet recommended the Minimum Revenue Provision Statement, as set out in appendix 2 of the report, to Council for approval.

In line with CIPFA's Code of Treasury Management Practice an annual report must be taken to Cabinet detailing the council's treasury management outturn within six months of the close of each financial year, and the new regulations for MRP require an annual statement of policy on making MRP to be approved by Council.