Purpose

This report will set the limits and method of
investing the council’s surplus funds taking into account the
statutory restrictions on local authority investments and
borrowings. While the Council is debt free and expects to continue
this policy for the foreseeable future, the report will set limits
and establish procedures for any borrowings that may be
required.

Content

RESOLVED

That the Full Council be
recommended to approve:

a)            
the Treasury Prudential Indicators and the Minimum
Revenue Provision (MRP) Statement contained within Sections 5.4 and
6.3 of report
FIN/686;

b)            
the Treasury Management Strategy contained within
Section 6 of report
FIN/686;

c)            
the Investment Strategy contained within Section 7
of report
FIN/686;

Reasons for the Recommendations
 
The Council’s financial
regulations, in accordance with the CIPFA Code of Practice for
Treasury Management, requires a Treasury Management Strategy to be
approved for the forthcoming financial year.  This report complies with those
requirements.