A report by the Director of Finance included a review of Treasury Management activities during 2010/11 and confirmed compliance with treasury limits and prudential indicators. The Annual Report had been prepared in accordance with the revised CIPFA Treasury Management Code and the revised Prudential Code.

RESOLVED:  That

(1)  the Treasury Management Annual Report for 2010/11 be agreed;

(2)  the transfer of additional investment income of £1 million and the saving of £2 million from capital financing activities in 2010/11 to the General Fund balance be agreed; and

(3)  the Treasury Management Team, responsible for achieving this level of income for the Council, be congratulated.