Agenda item

The Director of Finance and Support submitted the Treasury Management Mid Year report 2011-12 for review and comment before being submitted to Cabinet and Council and elaborated thereon. In answer to questions the Director commented that the Treasury Strategy was risk adverse with the principles of security, liquidity and yield being applied; and that the Prudential Indicators had been previously agreed by Council and in relation to Housing Finance Reform the borrowing was a legal requirement.   

RESOLVED : 1. That the report be approved for submission to Cabinet in December and to Council in January.

                         2. That the Treasury Management Team be congratulated upon their performance.