Issue - meetings

To consider a report of the Leader of the Council (Policy, Reform & Finance).

The Deputy Leader of the Council and Executive Councillor (Corporate, Customer & Community Services) (Councillor Iain Roberts) submitted the Treasury Management Annual Report 2013/14 (copies of which had been circulated).

RESOLVED - (1) That approved be given to the actual 2013/14 prudential and treasury indicators as detailed in the report.

(2) That the Annual Treasury Management Report for 2013/14 be noted.

(3) That it be noted that no fundamental changes had been made during 2013/14 to the Treasury Management Policy Statement and Practices approved at the Council meeting on 12 September 2013.

To consider of the Deputy Leader of the Council (Corporate, Customer and Community Services)

The report advises the Executive Meeting on the operation and the effectiveness of the Council’s Treasury Management function for 2013/14.

The Executive is requested to recommend that the Council Meeting:-

·         Approves the actual 2013/14 prudential and treasury indicators in the report;

·         Notes the Annual Treasury Management Report for 2013/14: and

·         Notes that no changes have been made during 2013/14 to the Treasury Management Policy Statement and Practices approved at the Council Meeting on 12 September 2013.

Officer Contact: Lorna Salvage on 0161 474 4026 or email: lorna.salvage@stockport.gov.uk

The Executive Councillor (Corporate, Customer & Community Services) submitted a report (copies of which had been circulated) advising the Executive on the operation and the effectiveness of the Council’s Treasury Management function for 2013/14.

RESOLVED – That the Council Meeting be recommended to:

·         approve the actual 2013/14 prudential and treasury indicators in the report;

·         note the Annual Treasury Management Report for 2013/14: and

·         note that no changes have been made during 2013/14 to the Treasury Management Policy Statement and Practices approved at the Council Meeting on 12 September 2013.

To consider a report of the Corporate Director Corporate and Support Services.

The Council is required through regulations issued under the Local Government Act 2003 to produce an annual treasury report reviewing treasury management activities and the actual prudential and treasury indicators for 2012/13. This report meets the requirements of both the CIPFA Code of Practice on Treasury Management (the Code) and the CIPFA Prudential Code for Capital Finance in Local Authorities (the Prudential Code).

The report will be considered by the Executive at its meeting on 15 July 2014 and will be asked to recommend that the Council meeting on 11 September 2014:

·         Approve the actual 2013/14 prudential and treasury indicators in this report;

·         Note the annual treasury management report for 2013/14;

·         Note that no fundamental changes have been made during 2013/14 to the Treasury Management Policy Statement and Practices approved at the Council meeting on 12 September 2013.

The Scrutiny Committee are invited to comment on the report.

Officer contact Lorna Salvage   on Tel: 0161 474 4026 or by email on lorna.salvage@stockport.gov.uk

The Corporate Director for Corporate and Support Services submitted a report (copies of which had been circulated) inviting the Scrutiny Committee to consider the Annual report in relation to the Treasury Management function.

It was reported that the Executive would consider the report at its meeting on 15 July and the Council Meeting on 11 September 2014.

The Scrutiny Committee noted that hat no fundamental changes had been made during 2013/14 to the Treasury Management Policy Statement and Practices approved at the Council meeting on 12 September 2013.

The Deputy Executive Leader and Portfolio holder for Corporate, Customer and Community Services (Councillor Ian Roberts) attended the meeting to answer member’s questions.

RESOLVED – (1) That the annual treasury management report for 2013/14 be noted.

(2) That the actual 2013/14 prudential and treasury indicators identified in this report be noted.