Issue - meetings

The Deputy Chief Executive & Director of Customer & Corporate Services to present a report which provides a mid year update on treasury management activities. 

Resolved:  (i)      That the Treasury Management activities to date during the 2017/18 financial year be noted.

                   (ii)      That the Prudential Indicators set out in Annex A to the report, and the compliance with all indicators, be noted.

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

The Deputy Chief Executive & Director of Customer & Corporate Services presented a report which provided a mid year update on Treasury Management activities, for the period 1 April to 30 September 2017. 

The report, prepared in compliance with CIPFA’s Code of Practice on Treasury Management, provided: an economic update for the first part of the 2017/18 financial year; a review of the Treasury Management Strategy Statement and Annual Investment Strategy; the prudential indicators; reviews of the council’s investment portfolio and borrowing strategy; and a review of compliance with the Treasury and Prudential Limits.

With regard to the CIPFA consultation on revising the Treasury Management Code referred to in paragraphs 32 and 33 of the report, Officers advised that  the results were unlikely to affect the council’s borrowing.

Resolved:  (i)      That the Treasury Management activities to date during the 2017/18 financial year be noted.

                   (ii)      That the Prudential Indicators set out in Annex A to the report, and the compliance with all indicators, be noted.

Reason:     In accordance with legal requirements and to ensure the continued performance of the Council’s Treasury Management function.