Issue - meetings

This report provides Members with a mid year update on treasury management activities as required through legislation together with an update on activity for the period 1 April 2016 to 30 September 2016.

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

(i)           Treasury Management activities to date in 2016/17;

(ii)      Prudential Indicators set out at Annex A of the report 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 to 30 September 2016, to ensure that the Council was implementing best practice in accordance with the Local Government Act 2003 (revised).

Information was presented on the current economic background and its effect on the Annual Investment Strategy and Investment Portfolio at paragraphs 4 to 28 of the report.

To ensure that the Council had operated within the treasury limits and Prudential Indicators (PI’s) details of the monitoring of and compliance with the PI’s were reported at paragraphs 29 and 30 and Annex A.

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

(i)           Treasury Management activities to date in 2016/17;

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

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