Agenda item

 To consider the recommendations of Cabinet from its meeting on 17^th February, 2009.

Council considered a report of Cabinet which set out various aspects of the Treasury Management Framework for 2008/09 that the Council was required to either formally note or approve by 31^st March, in accordance with relevant legislation and/or the Code of Practice for Treasury Management in Local Authorities.

The recommendations set out in the report were moved by Councillor Bryning and seconded by Councillor Sherlock.

On being put to the vote, many voted for the proposition, none against and few abstained, whereupon the Mayor declared the proposition clearly carried.

Resolved:

(1)               That the Treasury Management Policy Statement and the Treasury Management Strategy Statement, as set out in Appendices B and C of the report be noted.

(2)               That the Prudential Indicators as set out in Appendix D of the report be approved.

(3)               That the Investment Strategy as set out in Appendix E of the report be approved.