Issue - meetings

Report of the Service Director Finance and Commercialisation detailing the Treasury Management activities and performance for 2016/17 against the approved Prudential Indicators for external debt and Treasury Management and to approve any changes as a result of activity to date and updates to the Capital Programme, attached.

The report of the Cabinet Member for Finance was submitted seeking approval of the Treasury Management Strategy and Prudential Limits Midyear Review 2016.

RESOLVED

(i)  that the current and forecast position with regards to these indicators be noted and any changes approved;

(ii)  that the continued proactive approach to treasury management had led to reductions in borrowing costs and safeguarded investment income during the year be noted;

(iii)  that authority continued to be delegated to the Chief Financial Officer, following consultation with the Cabinet Member for Finance to approve any changes to the prudential indicators or borrowing limits that would aid good treasury management and any amendments reported as part of quarterly financial and performance monitoring and revisions to this strategy; and

(iv)  that the increase in the investment limit for both unspecified investments and for counterparties as detailed in paragraph 30 of the report be approved.

Report of the Service Director Finance and Commercialisation detailing the Treasury Management activities and performance for 2016/17 against the approved Prudential Indicators for external debt and Treasury Management and to approve any changes as a result of activity to date and updates to the Capital Programme, attached.

The Committee considered the report of the Service Director; Finance and Commercialisation providing an update on the Treasury Management activities and performance for 2016/17 against the approved Prudential Indicators for External Debt and Treasury Management. 

RESOLVED

(i)  That the current and forecasted position with regards to these indicators be noted;

(ii)  That the continued proactive approach to Treasury Management had led to reductions in borrowing costs and safeguarded investment income during the year be noted; and

(iii)  That the increase in the investment limits for both unspecified investments and for counterparties as detailed in paragraph 30 of the report be endorsed.