Issue - meetings

The Deputy Leader of the Council and Cabinet Member for Finance and Human Resources submitted a report reviewing the Council’s Treasury Management activities during 2015/2016.

It was reported that the overall strategy for 2015/16 had been to finance capital expenditure by running down cash/investment balances and using shorter term borrowing rather than more expensive longer term loans.

It was agreed:

That the Treasury Management Annual report 2015/2016 be noted.

The Deputy Leader of the Council and Cabinet Member (Member for Finance for Finance and Housing) submitted a report reviewing the Council’s Treasury Management activities during 2015/2016.

Delegated decision:

That the Treasury Management Annual report 2015/2016 be noted.

Reason for the decision:

The Chartered Institute of Public Finance and Accountancy (CIPFA) Code of Practice on Treasury Management requires that the Council receives an annual review report of the previous year by 30 September.

Other option considered and rejected:

To amend or reject the recommendations.