Cabinet considered report 63/11 of the head of finance. This reviewed the treasury management and investment strategy and sought approval of the draft strategy for 2012/13 to 2014/15 for recommendation to Council. The Audit and Governance Committee had also considered this report and had recommended the strategy’s adoption.
Cabinet considered that the strategy should be recommended to Council for adoption but that the officers should consider ways to maximise investment returns between property and financial investments.
RECOMMEND to Council to approve each of the following key elements of report 63/11:
(i) The Treasury Management Strategy 2012/13 to 2014/15 and the treasury Prudential Indicators contained within Appendix A to report 63/11 (paragraph 31);
(ii) The Authorised Limit Prudential Indicator as shown in paragraph 6 of the strategy; and
(iii) The Investment Strategy 2012/13 contained in the treasury management strategy (Appendix A), and the detailed criteria included in Annex A1.