Issue - meetings

Treasury Management Monitoring Report to 31st December 2017

Meeting: 07/02/2018 - Cabinet (Item 178)

178 Treasury Management Monitoring Report to 31st December 2017 pdf icon PDF 237 KB

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 nine months of 2017/18.


Additional documents:


Councillor Gerrish introduced the report by saying that the average rate of investment return for the first nine months of 2017/18 was 0.27%, which was 0.06% above the benchmark rate.  The Council’s Prudential Indicators for 2017/18 were agreed by Council in February 2017 and performance against the key indicators had been shown in Appendix 1 of the report.  All indicators were within target levels.


Councillor Charles Gerrish moved the recommendations.


Councillor Paul Myers seconded the motion by saying that the Council’s lending and borrowing list had been regularly reviewed during the financial year and credit ratings were monitored throughout the year


RESOLVED (unanimously) the Cabinet agreed that:


2.1  The Treasury Management Report to 31st December 2017, prepared in accordance with the CIPFA Treasury Code of Practice, is noted;


2.2  The Treasury Management Indicators to 31st December 2017 are noted.