To propose the draft treasury management strategy and prudential indicators for 2009/10.

THAT Cabinet recommends to Council that:

a)         the Prudential Indicators detailed in Appendix 1, which include the draft Capital Programme, be endorsed;

b)         the Treasury Management Strategy in Appendix 2 be endorsed;

c)                 it be recommended to council that the borrowing limits outlined in Appendix 2 be approved; and

d)                 the council’s Minimum Revenue Provision Policy for 2009/10 in Appendix 4 be approved.

The setting of Prudential Indicators and the reporting of the council’s Treasury Management Strategy for the coming financial year is required by the CIPFA Prudential Code for Capital Finance and the CIPFA Code of Practice on Treasury Management.

The primary requirement of the Code of Practice on Treasury Management in the Public Services (2001) is the approval by full council of a policy statement that sets out the council’s overall approach to treasury management operations.

There are no alternative options

Not Applicable