Medium Term Financial and Efficiency Strategy 2012/13 to 2014/15 (report to 25 July 2011 Cabinet)  217kb

The purpose of this report is to consolidate the work that has been undertaken to date to achieve savings in 2011/12 and 2012/13 and to consider the forecast funding position for the remainder of the Comprehensive Spending Review (CSR) period to 2014/15.

The Comprehensive Spending Review released in October 2010 and the detailed Local Government Finance Settlement confirmed the unprecedented reductions in Local Government Funding over the next four years, which were front loaded but still in line with County Council forecasts. Detailed settlement figures were provided for 2011/12 and 2012/13 but the final two years would be subject to a Local Government Resources Review.

Treasury Management Strategy Statement and Investment Strategy  180kb

The report:

• Outlines the strategy for the management of the Council's debt portfolio
• Sets the Annual Investment Strategy for the investment of the Council's surplus funds
• States the Council's policy on Minimum Revenue Provision; and
• In accordance with the Chartered Institute of Public Finance and Accountancy (CIPFA) Prudential Code, sets the Council's prudential indicators for next year beyond which relate to borrowing and other aspects of treasury management