The Committee considered the report of the Head of Finance and Customer Services setting out the draft Treasury Management Strategy for 2011/12 – 2013/14, including a series of Treasury and Prudential Indicators, in accordance with CIPFA’s Code of Practice on Treasury Management issued in November 2009.

In response to a question raised by a Member, the Head of Finance and Customer Services advised that training on the Treasury Management Strategy would be organised for both Cabinet and this Committee.

The Head of Finance and Customer Services explained the current revenue and capital balances and the main uses of those balances following a request from a Member.

RESOLVED:

1.  That the Cabinet be recommended to agree the Treasury Management Strategy 2011/12 – 2013/14.

2.  That training be given to the Cabinet and the Audit Committee on the Treasury Management Strategy.