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.