Issue - meetings

The Deputy Chief Executive and Corporate Director of Customer & Corporate Services to present a report which provides a review of treasury management activities, and the actual prudential and treasury indicators, for the 2017/18 financial year, in accordance with regulatory requirements.

Resolved:  That the 2017/18 performance of treasury management activity and prudential indicators outlined in Annex A to the report be noted.

Reason:     To ensure that the continued performance of the treasury management function can be monitored and to comply with statutory requirements.

[See also under Part B]

The Deputy Chief Executive / Corporate Director of Customer & Corporate Services presented a report which provided a review of treasury management activities, and the actual prudential and treasury indicators, for the 2017/18 financial year. 

The report  had been considered by the Audit & Governance Committee at their meeting on 27 June 2018, as required by the CIPFA Code of Practice on Treasury Management .  Details of the out-turn against prudential indicators were attached at Annex A. 

As detailed in paragraphs 13-15 of the report, there was a need to increase the Authorised Borrowing Limit to £441.4m for 2017/18, and to £480.3m for future years.  This would require the approval of Full Council.

Resolved:  That the 2017/18 performance of treasury management activity and prudential indicators outlined in Annex A to the report be noted.

Reason:     To ensure that the continued performance of the treasury management function can be monitored and to comply with statutory requirements.