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Issue - meetings

Report on Treasury Management Strategy 2015/16 - Third Quarter ended 31 December 2015

Meeting: 15/03/2016 - Cabinet (Item 38)

38 Report on Treasury Management Strategy 2015/16 - Third Quarter ended 31 December 2015

Report by Carolyn Godfrey, Corporate Director

 

Supporting documents:

Minutes:

Councillor Dick Tonge, presented a report which enabled Cabinet to review the Treasury Management Strategy. This report covered the third quarter of 2015-16, ended 31 December 2015. In the course of his presentation, Cllr Tonge explained the Council’s position in relation to Lender Option Borrow Option (LOBO) loads. He assured the Cabinet that the Council was not exposed to any unnecessary risk, and explained how the Council would migrate the money invested in this type of loan to more convention Public Works Loan Board (PWLB) types.

 

Resolved

 

To note that the contents of the report presented were in line with the Treasury Management Strategy.

 

Reasons for Decision:

 

To give members an opportunity to consider the performance of the Council in the period to the end of the quarter against the parameters set out in the approved Treasury Management Strategy for 2015-16.


 

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