Issue - meetings

REVIEW OF PRUDENTIAL LIMITS AND TREASURY MANAGEMENT OUTTURN 2017/18

Meeting: 11/06/2018 - Governance Committee (Item 8)

8 REVIEW OF PRUDENTIAL LIMITS AND TREASURY MANAGEMENT OUTTURN 2017/18 pdf icon PDF 170 KB

Report of the Cabinet Member for Finance informing Governance Committee and Council of the Treasury Management activities and performance for 2017/18 against the approved Prudential Indicators for External Debt and Treasury Management, attached.

Additional documents:

Minutes:

The Committee considered the report of the Service Director Finance and Commercialisation (S151 Officer) detailing Treasury Management activities and performance for 2017/18 against the approved Prudential Indicators for External Debt and Treasury Management.

 

The Committee requested going forward that % indicators be provided on what was in investments and which was bonds/bricks and mortar and comparator figures where these were at and in relation to other Local Authorities.

 

RESOLVED:-

(i)  That the Treasury Management activities for 2017/18 and the outturn on the Prudential 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;

(iii)  That authority continued to be delegated to the S151 Officer to make any future changes which benefited the Authority and to report back at the next Treasury Update; and

(iv)  That due to the timing of the report, changes may still be required following the finalisation of capital and revenue budgets and therefore any significant changes to the report would be highlighted in the final version presented to Full Council on 18th July 2018 be noted.