Treasury Management

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Treasury Management is about managing the Council's cash flow, borrowing and cash investments to support Kingston's finances for the benefit of Kingston's Council Tax payers and the services that the Council provides.

Our aim is to pay as little interest on our borrowing and to earn as much income on our investments as possible, and to always be aware of the consequences of our actions so that the risk to the Borough's finances is considered first.

Our success can be measured by comparing the average rate of interest on our borrowings and investments to other local authorities.

The sums of money are very significant and we aim to achieve success over the long term, to give some stability to the Council's finances.

Code of Practice

The Borough has adopted as part of the Council’s Financial Regulations the Chartered Institute of Public Finance and Accountancy (CIPFA) Code of Practice for Treasury Management in the Public Services.

The Code provides a basis to create clear treasury management objectives and to structure sound treasury management policies and practices.

Strategy Report 2012-2013

The treasury management strategy report fulfils two key legislative requirements - the reporting of:

• the treasury management strategy and treasury management indicators as required by the CIPFA Treasury Management Code of Practice; and
• the investment strategy in accordance with Communities and Local Government (CLG) Investment Guidance.

Annual Report 2010 - 2011

This report informs Members on the operation of the Royal Borough's Treasury Management function for 2010 - 2011. This information is produced annually and summarises the activities, strategy, performance and costs of this service. See below for the reports.