Issue - meetings
Treasury Management 2011/12
Meeting: 03/07/2012 - Executive (Item 71)
71 Treasury Management 2011/12 
PDF 70 KB
To consider the report of the Assistant Director Finance.
Scrutiny Committee – Resources considered the report at its meeting on 20 June 2012 and comments will be reported.
(Report circulated)
Decision:
(Minute 71)
The report of the Assistant Director Finance was submitted, reporting the overall performance for the 2011/12 financial year and the position regarding investments and borrowings at 31 March 2012.
In response to a question regarding assumptions made about interest rates, the Assistant Director Finance reported that the Council used the services of a Treasury Management Adviser. He reported that the Council continued to take advantage of the very low interest rates through short-term borrowing.
Scrutiny Committee – Resources considered the report at their meeting on 20 June 2012 and the support of members was noted.
Executive recommended to Council to approve the Treasury Management report for the 2011/12 financial year.
Minutes:
The report of the Assistant Director Finance was submitted, reporting the overall performance for the 2011/12 financial year and the position regarding investments and borrowings at 31 March 2012.
In response to a question regarding assumptions made about interest rates, the Assistant Director Finance reported that the Council used the services of a Treasury Management Adviser. He reported that the Council continued to take advantage of the very low interest rates through short-term borrowing.
Scrutiny Committee – Resources considered the report at their meeting on 20 June 2012 and the support of members was noted.
RECOMMENDED to Council to approve the Treasury Management report for the 2011/12 financial year.
(Report circulated)
Meeting: 20/06/2012 - Scrutiny Committee - Resources (Item 31)
31 Treasury Management 2011/12 PDF 70 KB
To consider the report of the Assistant Director Finance – report circulated
Minutes:
The Assistant Director Finance presented the report detailing the overall performance for the 2011/12 financial year and the position regarding investments and borrowing as at 31 March 2012.
He updated Members on the position with the monies held in the Icelandic banks and that due to very low interest rates the Council continued to use short term borrowing to manage its cash flow. The Council’s borrowing requirements were under constant review, monitoring short and long term interest rates.
The Scrutiny Committee – Resources noted the Treasury Management report for 2011/12 and recommended approval by Council.
(Report circulated)