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Issue - meetings

Annual Reports on Treasury Management 2017/2018

Meeting: 12/06/2018 - Cabinet (Item 242)

242 Annual Reports on Treasury Management 2017/2018

Report by Dr Carlton Brand, Corporate Director

 

 

Supporting documents:

Minutes:

Councillor Philip Whitehead presented the report which provided the annual review following the end of the year describing the activity compared to the treasury strategy.

 

Matters highlighted in the course of the presentation and discussion included: how the borrowing and investments were managed over the course of the year; the changes proposed to the strategy which would require the agreement of Full Council; the revenue benefits arising from investment decisions; that the council will prioritise using its own cash for investment rather than requiring borrowing; how risks will be identified for future individual investment decisions; and that the council would normally look to invest over the longest appropriate period.

 

Resolved

 

a)    To note that the contents of this report are in line with the Treasury Management Strategy 2017/18.

 

Recommend to Full Council

 

b)   To approve an amendment to the Treasury Management Strategy 2018/19, to include a new class of alternative investments to the available list of non-specified investments (as outlined in report).

 

c)    To approve an amendment to the Minimum Revenue Provision Policy 2017/18, to allow for an alternative method of calculation, where appropriate (as outlined in report).

 

Reason for Decision

 

To give members an opportunity to consider the performance of the Council against the parameters set out in the approved Treasury Management Strategy for 2017/18.

 

To agree to a revision to the Treasury Management Strategy 2018/19 and the Minimum Revenue Provision Policy 2017/18 in order to continue to comply with statutory guidance and reflect best practice.

 


 

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