To consider a report that sets out the performance of the Treasury Management function in supporting the provision of Council services in 2012/13.

The Council considered the submitted report on the performance of the Treasury Management function, as recommended by the Audit Committee.  It was noted that the Treasury Management function supported the provision of Council services in 2012/13 through management of cash flow, debt and investment operations and the effective control of associated risks.

It was proposed by Councillor Tyerman and seconded by the Mayor:

(i)         that the Treasury Management decisions made during 2012/13, as detailed in the submitted report be endorsed; and

(ii)        that the Prudential and Treasury Indicators as set out in Annex 1 to the submitted report be approved.

On being put to the vote the motion was declared carried.

To consider a report that sets out the performance of the Treasury Management function in supporting the provision of Council services in 2012/13.

Members considered a report that set out the performance of the Treasury Management function in supporting the provision of Council services in 2012/13 through the management of cash flow, debt and investment operations and the effective control of the associated risks.

Members were advised that the Council is required through regulations issued under the Local Government Act 2003 to produce an annual outturn report reviewing treasury management activities and the actual prudential and treasury indicators for 2012/13.

Resolved:

i)          that subject to greater clarification of paragraphs A8.2 and A8.3 of the submitted report, the Treasury Management decision made during 2012/13 be endorsed; and

ii)         that the Audit Committee recommends Council endorse the Treasury Management decisions made during 2012/13, as detailed in the submitted report and approve the Prudential and Treasury Indicators as set out in Annex 1 to the report.