Issue - meetings

To consider the head of finance’s report.  

The committee considered the head of finance’s report that detailed the council’s treasury activities for the first six months of 2012/13 and looking to the rest of the financial year, provided an update on current economic conditions. 

The committee noted that the council’s treasury management activities had operated within the agreed parameters set out in the 2012/13 treasury management strategy.  The officers expected the council to receive approximately £120,000 more investment income by the financial year-end than predicted; the committee welcomed this. 

RESOLVED: To

(a)               Note the treasury management mid-year monitoring report 2012/13; and

(b)               Advise Cabinet that the committee is satisfied that the council’s treasury activities are being carried out in accordance with the treasury management strategy and policy.