Issue - meetings
Treasury Management
Meeting: 11/07/2017 - Executive (Item 66)
66 Treasury Management 2016/17 
PDF 339 KB
To consider the report of the Chief Finance Officer.
Corporate Services Scrutiny Committee considered the report at its meeting on 22 June 2017 and its comments will be reported.
Additional documents:
Decision:
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Agreed
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That it is recommended that Council notes the content of the report. |
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Reason for Decision:
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It is a statutory requirement for the Council to publish regular reports on Treasury Management to Council. This includes an annual Treasury Management Strategy and half yearly report and a year-end report as a minimum. |
Minutes:
The Chief Finance Officer presented the report on the current Treasury Management performance for the 2016-17 financial year and the position regarding investments and borrowings at 31 March 2017. The report was a statutory requirement and was for information only with no key decisions required.
Members were advised that the net interest was higher than estimated due to major projects not yet commencing and the investment in the Local Authority Property Fund yielding higher returns than predicted.
Corporate Services Scrutiny Committee considered the report at its meeting on 22 June 2017 and its comments will be reported.
RECOMMENDED that Council notes the content of the report.
Meeting: 22/06/2017 - Corporate Services Scrutiny Committee (Item 26)
26 Treasury Management 2016/17 PDF 339 KB
To consider the report of the Chief Finance Officer.
Additional documents:
Minutes:
The Chief Finance Officer presented the report on the overall performance for the 2016/17 financial year, and the position regarding investments and borrowings at 31 March 2017. The report, which was a statutory requirement, set out the detail of investments made and levels of borrowing by the City Council, which had been undertaken in accordance with the Council’s approved Treasury Management Practices. He also confirmed that the Council had approved a Treasury Management Strategy in February 2017 and assured Members that any proposed amendment to the regime would be reported. Officers continued to explore new investment opportunities that could return potentially higher yields, ensuring that any decisions taken would continue to be prudent and comply with the Investment Code of Practice.
He responded to a Member’s question and agreed to include a six month snapshot in terms of the value of the Council’s investments, as he received a regular report from the Churches, Charities and local Authorities Trust Management Ltd (CCLA).
Corporate Services Scrutiny Committee noted the Treasury Management report for the 2016/17 financial year and recommended approval by Executive and Council.