Decision details

To:

·        Note the 2009-10 prudential indicator monitoring information to the end of September 2009

·        Recommend to Council that they approve any revisions to the Prudential Indicators for 2009-10

1.      The prudential indicators monitoring information attached at Annex B are noted.

2.      Cabinet is to recommend to Council that they approve revisions to the Council’s prudential indicators for 2009-10 as set out in Paragraph 2.2 (a) and (b) of Item 10 of the Cabinet Agenda.

3        The following change to the Council’s investment counterparty limits, approved by the Chief Finance Officer on 2 November 2009 is noted.

·              That the maximum period for investments with counterparties on the existing counterparty list be extended from 3 months to 12 months, provided that this is within the Sector recommended time limit for the counterparty, and that a maximum of £10m is invested in this way. The £10m maximum is in addition to £6m already placed in 2-year investments in 2008-09 and due back in June 2010.