Issue - meetings

Report of the Deputy Chief Executive (Corporate Direction).

Further to discussion on the financial reports, it was moved by Councillor Lynch, seconded by Councillor Bray and

RESOLVED –

(i)            The prudential indicators and limits for 2014/15 to 2017/18 be approved;

(ii)           The minimum revenue provision (MRP) statement be approved;

(iii)          The Treasury Management Strategy 2014/15 to 2017/18 and the Treasury Prudential Indicators be approved;

(iv)         The Investment Strategy contained in the Treasury Management Strategy be approved.

Councillor Camamile left the meeting at 8.08pm.

Report of the Deputy Chief Executive (Corporate Direction).

The Scrutiny Commission received a report which outlined the council’s prudential indicators for 2014/15 – 2017/18 and set out the expected treasury operations for this period. It was noted that the council benefitted from preferential borrowing for the public sector and as a result borrowing rates were considerably lower than market rate.

RESOLVED – the report be noted.