Issue - meetings

To consider the head of finance’s report.  

Cabinet considered the head of finance’s report on the council’s treasury management activities during 2012/13.  Despite a fall in market interest rates during 2012/13, the council’s investments generated income of £553,000.  This was £136,000 above the original budget estimate and was above the industry average for 2012/13.  Cabinet welcomed this news. 

RESOLVED: to recommend Council to:

(a)       approve the treasury management outturn report 2012/13; and

(b)       approve the actual 2012/13 prudential indicators within the report.