Decision details
Treasury Management Strategy and Annual Investment Strategy Mid-Year Review Report 2014/15
PDF 68 KBDecision Maker: Executive
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
Purpose:
This report provides the Executive with a
mid-year review of the Council’s Treasury Management Strategy
Statement and Annual Investment Strategy for 2014/15 approved by
Council on 27 February 2014 and has been prepared in accordance
with the CIPFA Code of Practice for Treasury Management in the
Public Services.
Decision:
The Executive considered the mid-year review of the Council’s Treasury Management Strategy Statement and Annual Investment Strategy for 2014/15 and recommended that the Council Meeting receive the report in line with best practice guidelines, note the report and the treasury activity in the first half of the financial year, and approve changes to the Council’s credit methodology whereby counterparties will no longer be able to gain a slightly higher credit score from additional viability, financial strength and support ratings.
Alternative options considered:
None
Interests and Nature of Interests Declared:
None
Wards Affected: (All Wards);
Equality and/or Environmental Impact Assessment: An Equality Impact Assessment was undertaken with the initial strategy report in Feburary 2014
Decision Reference: ED1645
Other reasons / organisations consulted
CRMG were consulted prior to the initial
Strategy report
Contact: Lorna Soufian, Corporate and Support Services Email: lorna.soufian@stockport.gov.uk Tel: 0161 474 4026.
Report author: Lorna Soufian
Publication date: 12/11/2014
Date of decision: 11/11/2014
Decided at meeting: 11/11/2014 - Executive
Effective from: 19/11/2014
Accompanying Documents: