Issue - meetings

Councillor O’Brien, Cabinet Member for Finance and Housing will report at the meeting.  Report attached.

The Cabinet Member for Finance and Housing submitted the mid-year treasury management report.  The report has been prepared in compliance with CIPFA’s Code of Practice on Treasury Management and covers the following:

·          An economic update for the 2018/19 financial year to 30 September 2018;

·          A review of the Treasury Management Strategy Statement and Annual Investment Strategy;

·          The Council’s capital expenditure, as set out in the Capital Strategy, and prudential indicators;

·          A review of the Council’s investment portfolio for 2018/19

·          A review of the Council’s borrowing strategy for 2018/19

·          A review of any debt rescheduling undertaken during 2018/19

·          A review of compliance with Treasury and Prudential Limits for 2018/19

Delegated decision:

That in accordance with CIPFA’s Code of Practice on Treasury Management, the report be noted and forwarded for consideration at the next meeting of full Council scheduled to take place on 28^th November 2018.

Reason for the decision:

Treasury Management is an integral part of the Council’s financial framework and it is essential that the correct strategy is adopted in order to ensure that best value is obtained from the Council’s resources and that assets are safeguarded