Decision details

Having considered an open officer report, and a presentation by the Cabinet

Member for Resources, Councillor Kevin Bonavia, the Mayor agreed that:

(i) the financial forecasts for the year ended 31 March 2015 and the action

being taken by the Executive Directors to manage down the forecasted year-

end overspend be noted;

(ii) the mid-year treasury strategy and the Council’s Minimum Revenue

Provision Policy be noted; and

(iii) Council be recommended to approve the following amendments to

Treasury Management Strategy:

• Inclusion of Certificates of Deposits as a specified treasury instrument,

• Increase in the limits of Treasury Bills from £20 million to £60 million.