Decision - Treasury Management Policy Statement 2011/12

To recommend a Treasury Management Policy and practices for the financial year commencing 1 April 2011. The policy and practices set out the parameters for treasury management activity and how key risks associated with such activity will be managed.

(1)         That Cabinet approves:

(a)       The Treasury Management Policy Statement 2011/12 and subsequent years as set out in Appendix 1 to this report.

(b)       The Treasury Management Practices 2011/12 and subsequent years as set out in Appendix 2 to this report.

(c)       The Schedules to the Treasury Management Practices 2011/12 as set out in Appendix 3 to this report.

Codes of practice issued under the Local Government Act 2003 require the council to approve an annual treasury management policy statement. This report fulfils that requirement.

This report sets out the council’s treasury management policy statement for the year commencing 1 April 2011. The TMPS continues with the strong emphasis on risk management and the impact this may have on the performance of the treasury management service.