Issue - decisions

Treasury Management Annual Report 2010-11

02/07/2010 -

The Director of Finance submitted a report which provided a review of Treasury Management activities in 2009/10 and confirmed compliance with treasury limits and prudential indicators. The report had been prepared in accordance with the revised CIPFA Treasury Management Code and the revised Prudential Code.


The Leader referred to the return of £2m invested in the collapsed Icelandic banks and the Director of Finance reported that nearly half of the money had been returned with the remainder expected over the next two years, including interest and he would be happy to provide a written update on the situation to Cabinet Members.


Resolved – That,


(1) the Treasury Management Annual Report be agreed;


(2) it be noted that the additional investment income of £1.2 million in 2009/10 has been transferred to the General Fund balance.