Treasury Management Annual Report
Decision:
The Cabinet noted the content and approved the
report, in accordance with the CIPFA Code of Practice.
The Cabinet recommended to Council that Treasury Management
Practice (TMP) No. 4 be amended to allow investment in the newly
approved instruments.
The Cabinet recommended to Council that TMP 4 is amended to give
the Director of Finance and Corporate Services delegated authority
in the future to invest in all instruments approved by the
ODPM.
The Cabinet recommended to Council that Treasury Management
Practices are amended to provide for separate lending limits for
the Council and Fund Managers to run concurrently. These individual
lending limits to be set at the current rates.