Issue - meetings

The Deputy Leader and Cabinet Member (Finance and Human Resources) submitted a mid-year report on the Treasury Management Strategy which had been prepared in compliance with CIPFA’s Code of Practice, and covers the following:

·          An economic update for the 2016/2017 financial year to 30 September 2016;

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

·          The Council’s capital expenditure (prudential indicators);

·          A review of the Council’s investment portfolio for 2016/2017;

·          A review of the Council’s borrowing strategy for 2016/2017;

·          A review of any debt rescheduling undertaken during 2016/2017 and

·          A review of compliance with Treasury and Prudential Limits for 2016/17.

Delegated decisions:

1.   That the report be noted.   

2.   That approval be given to the addition of the Greater Manchester bodies to the Counterpart Investment List.

Reasons for the decision:

The review is produced in accordance with the Chartered Institute of Public Finance and Accountancy (CIPFA) Code of Practice.

Other option considered and rejected:

To make no changes to the current policy framework.