Issue - meetings

Treasury management mid-year monitoring 2018/19 - to monitor mid-year performance and make recommendations to Council

Meeting: 13/02/2019 - Council (Item 65)

65 Treasury management mid-year monitoring 2018/19 pdf icon PDF 341 KB

Cabinet, at its meeting on 4 February 2019, considered a monitoring report on the treasury management activities for the first six months of 2018/19 and an update on the current economic conditions with a view to the remainder of the year. 

 

The Joint Audit and Governance Committee considered the report at its meeting on 28 January 2019 and had not recommended any adjustments to the strategy as a result of the first six months’ activities.  

 

The report of the head of finance, which Cabinet considered on 4 February 2019, is attached.

 

RECOMMENDATION to Council: to approve the head of finance’s 2018/19 treasury management mid-year monitoring report to Cabinet on 4 February 2019. 

Additional documents:

Minutes:

Council considered Cabinet’s recommendations, made at its meeting on 4 February 2019, on the treasury management activities for the first six months of 2018/19.

 

The Joint Audit and Governance Committee had considered the report at its meeting on 28 January 2019 and had not recommended any adjustments to the strategy as a result of the first six months’ activities.  That committee and Cabinet had concluded that the treasury management activities had operated within the agreed parameters set out in the approved treasury management strategy.

 

The Cabinet member advised that following a request from the Joint Audit and Governance Committee there is an amendment to the table at paragraph 10 on page 21 of the report. An updated table was circulated at the meeting which showed that forecast investment interest for the year is likely to come in under budget primarily as a result of interest rates rises being slower than predicted.

 

RESOLVED: to approve the head of finance’s treasury management mid-year monitoring report 2018/19 to Cabinet on 4 February 2019 subject to the amended table attached to these minutes.

 


Meeting: 01/02/2019 - Cabinet (Item 12.)

12. Treasury management mid-year monitoring 2018/19 pdf icon PDF 341 KB

To consider the head of finance’s report. 


 

Contact us - Democratic services

Phone icon

01235 422520
(Text phone users add 18001 before dialing)

Address icon

Vale of White Horse District Council
Abbey House, Abbey Close,
Abingdon
OX14 3JE