Decision details

Agreed

That it is recommended to Council to adopt the new Treasury Management Strategy and delegations contained therein.

Reason for Decision:

The Council adopted the CIPFA Treasury Management in the Public Services: Code of Practice, which requires the Council to approve a treasury management strategy before the start of each financial year. 

In addition, the Department for Communities and Local Government (CLG) issued revised guidance on local authority investments in March 2010 that requires the Council to approve an investment strategy before the start of each financial year.