Decision details

The Leader of the Council presented a report which explained that the Authority’s treasury management activity is underpinned by CIPFA’s Code of Practice on Treasury Management (“the Code”), which requires authorities to produce annually Prudential Indicators and a Treasury Management Strategy Statement on the likely financing and investment activity. The Code also recommends that Members are informed of treasury management activities at least twice a year.  

The successful identification, monitoring and control of risk are therefore central to the Authority’s treasury management strategy.

The 2015/16 Treasury Management Strategy was approved by the Council as part of the overall Medium Term Financial Plan and 2015/16 budget in February 2015.

The Cabinet was presented with the following information.

·           details of capital financing, borrowing, debt rescheduling and investment  transactions

·           reports on the risk implications of treasury decisions and transactions

·           details the outturn position on treasury management transactions in 2015/16

·           confirms compliance with treasury limits and Prudential code

The Leader reported that the Cabinet was informed that the report shows we have met our indicators. The strategy remains to keep our investments low and not to undertake long – term borrowing.

Resolved

To adopt the report