(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.