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ITEM CG13 - ANNEX 2

EXECUTIVE – 2 APRIL 2003

TREASURY MANAGEMENT STRATEGY FOR 2003/04

OXFORDSHIRE COUNTY COUNCIL

DRAFT TREASURY MANAGEMENT POLICY STATEMENT

    1. Oxfordshire County Council defines its treasury management activities as:

      2. "The management of the organisation’s cash flows; its banking, money market and capital market transactions; the effective control of the risks associated with those activities; and the pursuit of optimum performance consistent with those risks."

    2. Oxfordshire County Council regards the successful identification, monitoring and control of risk to be the prime criteria by which the effectiveness of its treasury management activities will be measured. Accordingly, the analysis and reporting of treasury management activities will focus on their risk implications for the organisation.

    3. Oxfordshire County Council acknowledges that effective treasury management will provide support towards achievement of its business and service objectives. It is therefore committed to the principles of achieving best value in treasury management and to employing suitable performance measurement techniques, within the context of effective risk management.

    4. The manner in which Oxfordshire County Council will seek to achieve these objectives and the arrangements for managing and controlling treasury management activities is prescribed in the treasury management practices which support this policy statement.

    5. Responsibility for the implementation and monitoring of the Council’s treasury management policies and practices are vested in the Executive. The officer responsible for the execution and administration of treasury management decisions is the Head of Finance, who will act in accordance with this Policy Statement, Treasury Management Practices and CIPFA’s Standard of Professional Practice on Treasury Management.

    6. Oxfordshire County Council will receive reports on its treasury management policies, practices and activities including as a minimum, an annual strategy and plan in advance of the year and an annual report after its close.

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