Agenda item - Treasury Management Policy Statement 2013/14 - Mid Year Review

Extract from the proceedings of the Policy & Resources Committee meeting held on 5 December 2013 and the Council meeting held on 12 December 2013; together with a report of the Executive Director for Finance & Resources (copy attached).

69.1         The Committee considered a report of the Executive Director of Finance & Resources in relation to the Treasury Management Policy Statement 2013/14 – Mid Year Review. The policy statement set out the key role for treasury management; and the practices and schedules set out the annual targets for treasury management and the methods by which these targets would be met.

69.2         In response to a query from Councillor Wealls the Executive Director of Finance & Resources noted that Rabobank had been automatically removed as it no longer met the criteria due to the credit rating of the Netherlands.

69.3         RESOLVED: That the Committee note the report referred by the Policy & Resources Committee and the Council.