To consider a report of the Corporate Director for Corporate and Support Services.
Minutes:
The Executive Councillor (Finance) (Councillor Sue Derbyshire) submitted the Treasury Management Annual Report 2010/11 and Treasury Management Policy Statement and Practices (copies of which had been circulated).
RESOLVED - (1) That approval be given to the actual 2010/11 prudential and treasury indicators as detailed in the report.
(2) That the Annual Treasury Management Report 2010/11 be noted.
(3) That the presentational changes to the Treasury Management Policy Statement and Practices to reflect the new Council structure be noted.
To consider a report of the Executive Councillor (Finance)
The report seeks to inform the Executive on the operation and effectiveness of the Council's Treasury Management function for 2010/11.
The Council’s Treasury Management Policy Statement and Practices were last approved on 25 February 2010. A number of amendments have recently been incorporated into the documents which reflect changes to the new Council officer structure during 2010/11, however as there have been no fundamental revisions, the Policy Statement and Practices have not been included with the report due to their length and complexity but are available on request.
The Executive is asked to recommend that the Council Meeting:
i. Approve the actual 2010/11 prudential and treasury indicators in this report;
ii. Note the annual treasury management report for 2010/11;
iii. Note the presentational changes to the Treasury Management Policy Statement and Practices to reflect the new Council structure.
Officer contact: Lorna Salvage, 0161 474 4026, lorna.salvage@stockport.gov.uk
Minutes:
The Executive Councillor (Finance) submitted a report (copies of which had been circulated) inviting the Executive to consider the Annual Report for 2010/11 on the Council’s Treasury Management Policy Statement and Practices.
The Executive Councillor (Finance) advised the Executive Meeting of a minor amendment to the table at paragraph 4.8 of the report altering the figure of Actual Net Borrowing at 31 March 2011 from £425,795 to £391,417.
RESOLVED – That the Council Meeting be recommended to:-
(i) approve the actual 2010/11 prudential and treasury indicators in this report;
(ii) note the Annual Treasury Management Report 2010/11, and
(iii) note the presentational changes to the Treasury Management Policy Statement and Practices to reflect the new Council structure.