Decision details

This report will outline the proposed Treasury Management Policy and Strategy for 2014/15 as required by the Chartered Institute of Public Finance and Accountancy (CIPFA) Treasury Management Code of Practice (2011). It includes the County Council's borrowing and investment strategies and the proposed Minimum Revenue Provision policy, together with the treasury management prudential indicators which seek to ensure that the Council's borrowing levels remain both sustainable and affordable.

The proposed Treasury Management Policy and Strategy for 2014/15 were presented to the Committee. It was confirmed that the approach set out was unchanged from previous years, although it included increased borrowing limits to take into account the funding switch already agreed for Voluntary Redundancies, and also to support the City Deal. In addition, the policy had been amended to provide authority to issue a bond, if it was felt to be appropriate to do so. It was confirmed that any such decision would require further appropriate approval from members.

Resolved: That the recommendations to be presented to the Cabinet be confirmed without amendment or modification.