Issue - meetings

This report provides Members with a mid year update on treasury management activities as required through regulations issued under Part 1 of the Local Government Act 2003 and the revised 2011 (Chartered Institute of Public Finance and Accountancy) Code of Practice for Treasury Management (as revised).

Resolved:           That, in accordance with the Local Government Act 2003 (revised), Cabinet agree to:

(i)     Note the Treasury Management activities to date in 2014/15 as set out in the report.

(ii)   Note the Prudential Indicators set out at Annex A and note the compliance with all indicators.

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

Members considered a report which provided an update on treasury management activities for the period 1 April 2014 to October 2014, to ensure that the Council was implementing best practice in accordance with the Chartered Institute of Public Finance and Accountancy Code of Practice for Treasury Management (as revised).

Details of the present economic background and its effect on the Annual Investment Strategy and Portfolio were set out at paragraphs 4 to 24 of the report.

Information on the monitoring of the Prudential Indicators (PI’s) to ensure that the Council had operated within the treasury limits and PI’s was also attached at Annex A.

Resolved:           That, in accordance with the Local Government Act 2003 (revised), Cabinet agree to:

(i)     Note the Treasury Management activities to date in 2014/15 as set out in the report.

(ii)   Note the Prudential Indicators set out at Annex A and note the compliance with all indicators.

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