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 for the period 1 April to 30 September 2018.

Resolved:  (i)      That the Treasury Management activities to date in 2018/19 be noted.

                   (ii)      That the Prudential Indicators set out in Annex A, and the council’s 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.

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 2018.

The report, prepared in compliance with CIPFA’s Code of Practice on Treasury Management, provided: an economic update for the first part of the 2018/19 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.

In accordance with the revised Codes issued by CIPFA in December 2017, a report setting out the council’s Capital Strategy would be taken to Full Council in February 2019 alongside the budget reports.

Resolved:  (i)      That the Treasury Management activities to date in 2018/19 be noted.

                   (ii)      That the Prudential Indicators set out in Annex A, and the council’s 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.