| TREASURY MANAGEMENT DOCUMENTS and
RESPONSIBILITIES |
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DOCUMENT |
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RESPONSIBILITY |
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CODE of PRACTICE |
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This was adopted by
Council on 13 March 2002. |
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POLICY STATEMENT |
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The Code of Practice
recommends a specific form of words to be used to set out the |
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Council's
objectives within the Policy Statement, for its Treasury Management
activities. |
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It
is the responsibility of Council to approve this document initially, and then
note it each |
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year thereafter. |
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TREASURY
MANAGEMENT STRATEGY |
The
Strategy document breaks down the Policy Statement into detailed
activities |
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and sets out the
objectives and expected market forecasts for the coming year. |
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It
is the responsibility of Cabinet to approve this document, and Council must
be then |
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informed of its content
for information only. |
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PRUDENTIAL INDICATORS |
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These are included within
the Strategy Statement as part of the framework within which |
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treasury activities will
be undertaken. It is the responsibility of Council to approve these limits. |
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INVESTMENT STRATEGY |
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The
Investment Strategy states which types of investments the Council may use for
the prudent |
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management of its
treasury balances during the financial year. The Secretary of State |
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recommends that the
Strategy should be approved by Council. |
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TREASURY
MANAGEMENT PRACTICES |
These
are documents that set out the procedures that are in place for the
Treasury |
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Management function
within the Council. The main principles were approved by Cabinet |
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following the adoption of
the Code of Practice; they include: |
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TMP 1: |
Risk management |
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TMP 7: |
Budgeting, accounting &
audit |
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TMP 2: |
Best value and performance
management |
TMP 8: |
Cash
& cash flow management |
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TMP 3: |
Decision-making
and analysis |
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TMP 9: |
Money laundering |
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TMP 4: |
Approved instruments, methods &
techniques |
TMP 10: |
Staff
training & qualifications |
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TMP 5: |
Organisation of responsibilties
& dealing |
TMP 11: |
Use of external service
providers |
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TMP 6: |
Reporting & management
information |
TMP 12: |
Corporate governance |
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Any changes to the above
principles will require Cabinet approval. |
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It
is the Head of Financial Service's responsibility to maintain detailed
working documents |
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and
to ensure their compliance with the main principles. It is highlighted that for 2009/10, |
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quarterly
treasury management reports will continue to be included within Corporate
Financial Monitoring |
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and in turn, these will
be reported into Cabinet and Budget and Performance Panel. |
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