Issue - meetings

This report updates the Executive Member and Advisory Panel on the Treasury Management performance for the period 1 April to 31 October 2007 compared against the budget presented to Council on 21 February 2007.

Advice of the Advisory Panel

That the Executive Member be advised:

(i)         That the performance of the Treasury Management Activity be noted and welcomed;

(ii)        That the projected underspend of £1.756m be noted and welcomed;

(iii)       That the movements in the Prudential Indicators be noted and welcomed.

Decision of the Executive Member

RESOLVED:That the advice of the Advisory Panel be accepted and endorsed.

REASON:To ensure the continued performance of the Council’s Treasury Management function.

Members considered a report which updated the Executive Member and Advisory Panel on the Treasury Management performance for the period 1 April to 31 October 2007 compared against the budget presented to Council on 21 February 2007.

Treasury Management activity was contained within the Corporate Budget and had a current approved budget of £7,407k. The projected outturn was £5,651k resulting in a estimated under spend of £1,756k.

Advice of the Advisory Panel

That the Executive Member be advised:

(i)         That the performance of the Treasury Management Activity be noted;

(ii)        That the projected underspend of £1.756m be noted;

                  (iii)       That the movements in the Prudential Indicators be noted.

Decision of the Executive Member

RESOLVED:That the advice of the Advisory Panel be accepted and endorsed.

REASON:To ensure the continued performance of the Council’s Treasury Management function.