Issue - meetings

As detailed in the recommendations.

The Head of Finance presented the draft Treasury Management Strategy for 2014/15 for recommendation to Council.  She explained that the changes made from the 2013/14 Strategy were summarised in the report. 

The Head of Finance advised that at a meeting of the Audit Committee on 29 January 2014, Members reviewed the draft Treasury Management Strategy for 2014/15 and discussion had taken place around the concerns raised on investments and debt.  The Head of Finance referred to the detailed briefing paper which had been provided to all Members in the last few days providing detailed answers to the questions raised by Members at the training session prior to the Audit Committee and subsequently.  The Chief Executive commented that assurance had been given that the debt balance was appropriate for the size of the Authority.  The Audit Committee had recommended to Cabinet that the Council approved the Strategy for 2014/15.   

RESOLVED:

(a)       That the Cabinet considers the enquiry put forward by the Audit Committee outlined in 3.03; and

(b)       That Cabinet approves and recommends to the County Council the Treasury Management Strategy 2014/15.