Issue - meetings

Audit Committee -

Meeting: 27/01/2011 - Council (Item 15)

15 Audit Committee - 14 January 2011 (Agenda item 10) pdf icon PDF 101 KB

Unconfirmed minutes of the meeting of the Audit Committee held on 14 January 2011.

Minutes:

a)           Treasury Management Strategy Report 2011/12 (Minute No. 3/11)

 

RESOLVED that:

 

1)           the Prudential Indicators and Limits for 2011/12 to 2013/14, as contained within Appendix A of the report, including the Authorised Limit Prudential Indicator for 2010/11 – 2013/14 be approved;

 

2)           the statement setting out the Council’s Policy on the Minimum Reserve provision (MRP) as contained within Appendix A of the report be approved;

 

3)           the Treasury Management Strategy 2011/12 to 2013/14 and the Prudential Indicators contained within Appendix B of the report be approved;

 

4)           the Investment Strategy for 2011/12 as contained in the Treasury Management Strategy (Appendix B of the report) and the detailed criteria included in Annex B1 and B2 of the report be approved; and

 

5)           the Treasury Management Policy at Appendix B3 of the report be approved.

 

b)           Appointment of Independent Member of the Committee (Minute No. 11/11)

 

RESOLVED that the constitution of the Audit Committee be increased by one to allow for the appointment of an additional independent person co-opted onto the Committee as a non-voting member (6 members & two substitutes – politically balanced, plus 2 non-voting lay advisers appointed by the Committee).

 

c)            Adoption

 

RESOLVED that the Minutes of the Audit Committee meeting held on 14 January 2011 be adopted.