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REPORT<br />
Reference: E/11/37<br />
<strong>Selby</strong> <strong>District</strong> <strong>Council</strong><br />
Public - Item 8<br />
To:<br />
The Executive<br />
Date: 3 November 2011<br />
Status:<br />
Non Key Decision<br />
Report Published: 26 October 2011<br />
Author:<br />
Nicola Chick Lead Officer - Finance<br />
Executive Member: <strong>Council</strong>lor C Lunn<br />
Lead Officer:<br />
Executive Director (s151)<br />
Title: Treasury Management – Monitoring Report to 30 th September 2011<br />
Summary:<br />
This report reviews the <strong>Council</strong>’s borrowing and investment activity<br />
(Treasury Management) for the first six months of 2011/12 and presents<br />
performance against the Prudential Indicators.<br />
Investments – interest rates have continued at their low level and<br />
forecasts for a rise have been put back to late 2011or even 2012. The<br />
<strong>Council</strong> has a budget of £247k and we are forecasting an outturn of<br />
£260k.<br />
Borrowing – the <strong>Council</strong> has long term borrowing of £10.109m at 30<br />
September 2011.<br />
Prudential Indicators – the <strong>Council</strong>’s affordable limits for borrowing were<br />
not breached during this period.<br />
Recommendations:<br />
i. <strong>Council</strong>lors endorse the actions of officers on the <strong>Council</strong>’s<br />
treasury activities for the period ending 30 th September 2011 and<br />
approve the report<br />
Reasons for recommendation<br />
To comply with the Treasury Management Code of Practice, the<br />
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