Issue - meetings

Cabinet, at its meeting on 6 October 2017, will consider the report of the head of finance on the outturn performance of the treasury management function for the financial year 2016/17.

The report of the head of finance, which Cabinet will consider on 6 October 2017, is attached. The Joint Audit and Governance Committee considered the report at its meeting on 25 September 2017. It welcomed the report and made no recommendations to Cabinet. The recommendations of Cabinet will be circulated to all councillors.

Council considered Cabinet’s recommendation, made at its meeting on 6 October 2017, on the outturn performance of the treasury management function for the financial year 2016/17.

The Joint Audit and Governance Committee and Cabinet had considered the head of finance’s report and were satisfied that the treasury activities had been carried out in accordance with the treasury management strategy and policy.

RESOLVED: to

1.    approve the head of finance’s treasury management outturn report for 2016/17;

2.         approve the actual 2016/17 prudential indicators within the head of finance’s report.

To consider the head of finance’s report. 

Cabinet considered the head of finance’s report, which monitored the outturn of the council’s treasury management function in 2016/17.  This showed that the council had achieved a higher rate of return than the target income for the year.  The returns had also exceeded the market benchmarks. 

The Joint Audit and Governance Committee had welcomed the report and was satisfied that the treasury activities had been carried out in accordance with the treasury management strategy and policy; Cabinet concurred. 

RECOMMENDED: to 

(a)      approve the head of finance’s treasury management outturn report for 2016/17; and

(b)      approve the actual 2016/17 prudential indicators within the head of finance’s report.