Issue - meetings

In February 2012 the Council adopted the 2011 edition of the CIPFA Treasury Management in the Public Services: Code of Practice, which requires the Council to approve a Treasury Management Strategy before the start of each financial year, review performance during the year, and approve an annual report after the end of each financial year.

This report gives details of performance against the Council’s Treasury Management Strategy and Annual Investment Plan 2017/18 for the first three months of 2017/18.

Councillor Tim Warren said that this was a routine report which sets out the satisfactory position of the Council.  Councillor Warren highlighted that the average rate of investment return for the first three months of 2017/18 is 0.28%, which is 0.12% above the benchmark rate.

Councillor Tim Warren moved the recommendations.

Councillor Paul May seconded the motion by saying that investments returns continue to be ahead of the benchmark rate.

RESOLVED (unanimously) that the Cabinet agreed:

1)  The Treasury Management Report to 30^th June 2017, prepared in accordance with the CIPFA Treasury Code of Practice, is noted

2)  The Treasury Management Indicators to 30^th June 2017 are noted.