Issue - meetings

This report sets out the mid year review of treasury management strategy and performance in accordance with the Treasury Management Strategy.

Discussion:

This report set out the mid-year review of the Treasury Management Strategy 2010/11.

Councillor Jarrett, supported by the Leader, proposed that Council should agree the report.

Decision:

The Council considered and agreed the report. 

This report provided details of the mid year review of the Council’s Treasury Management strategy and performance. This included an overview of the global economy and UK economy together with an analysis of the Council’s performance in light of the economic position and it was noted that the Council’s Strategy was still fit for purpose and that, overall, the Council’s finance and interest budgets would break even for 2010/2011.

The Business Support Overview and Scrutiny Committee considered this report on 4 November 2010 and its views were set out in addendum report.

Reasons:

The Treasury Management Strategy requires that Cabinet receives and considers a mid year review of treasury management strategy and performance.