Decision - Treasury Management Policy Statement (incorporating the Annual Investment Strategy) 2008/09 - End of year review

That Cabinet:

(a)       endorse the action taken during the second half year to meet the treasury management policy statement and practices (including the annual investment strategy);

(b)       note the authorised limit and operational boundary set by the Council have not been exceeded; and

(c)       note that all Members will be offered training on the risks involved in borrowing and investments on an annual basis.

Treasury management is governed by a code that is recognised as ‘best and proper practice’ under the Local Government Act 2003. The Code requires a minimum of two reports per year, one of which is a report looking back at the closing year. This report fulfils this requirement.

This report sets out action taken in the six months to March 2009. No alternative options are therefore considered necessary.