Cabinet 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 report had been considered by the Audit and Governance Committee, noting that the council’s treasury management activities had operated within the agreed parameters set out in the 2012/13 treasury management strategy.
Cabinet welcomed the report.
RESOLVED: To recommend Council to note that Cabinet is satisfied that the council’s treasury activities are being carried out in accordance with the treasury management strategy and policy.