Executive Summary:
The Police and Crime Commissioner (PCC) has to set a range of Prudential Indicators for the financial year 2013/14.
This is in order to comply with the CIPFA Prudential Code of Practice
The code states that Prudential Indicators for Treasury Management should be considered with the Annual Investment Strategy for 2013/14.
The PCC is asked to approve the following:
- Prudential Indicators;
- The Annual Investment Strategy;
- The Treasury Management Policy.
The PCC is also asked to note that future investments will be made in line with the strategy.
An overdraft of up to £5m can be arranged with the bank. It can be used for temporary borrowing to manage short-term timing differences between cash payments and receipts.
The attached report covers off these requirements. It also asks the PCC to approve the Treasury Management Policy
Decision 13-2013: Treasury Management and Prudential Indicators 2013-17 (application, 532kB)