Decision Maker: Cabinet
Decision status: Decision made
Is Key decision?: Yes
Is subject to call in?: Yes
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.
Publication date: 24/06/2008
Date of decision: 24/06/2008
Decided at meeting: 24/06/2008 - Cabinet
Effective from: 03/07/2008
Accompanying Documents: