Issue - meetings

An update on the proposed Treasury Management Strategy Statement and Prudential Indicators for 2013/14 to 2015/16 before it is presented to full Council for final approval.

The Treasury Management Strategy had been updated to reflect the capital programme figures, as set out in tables 1 to 9 in the report. The general principles around borrowing had not changed as a result.

In response to a question around the 2012/13 approved and projected actual figures, as set out in table 7 of the report, it was reported that the approved limit was the maximum level authorised, and was set relatively high in order to allow for unforeseen circumstances. This accounted for the discrepancy between the maximum authorised and the expected actual borrowing.

The Committee discussed the borrowing limits around the HRA debt cap. It was clarified that any spending in this area would need to be prioritised in line with Council strategy, and was subject to detailed guidance issued by Government.

RESOLVED

That the proposed Treasury Management Strategy Statement and Prudential Indicators for 2013/14 to 2015/16 at Appendix 1 of the report be recommended to Council for approval as part of the Financial Planning report.