Issue - meetings

A report from the Cabinet Member for Finance and Housing is attached.

A report from the Cabinet Member for Finance and Housing is attached.

The Leader and Cabinet Member (Economic Growth and Human Resources) submitted a mid-year review of the Council’s treasury management strategy. The report has been prepared in compliance with CIPFA’s Code of Practice, and covers the following:

·          An economic update for the 2017/18 financial year to 30 September 2017

·          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 2017/18

·          A review of the Council’s borrowing strategy for 2017/18

·          A review of any debt rescheduling undertaken during 2017/18

·          A review of compliance with Treasury and Prudential Limits for 2017/18

Delegated decisions:

It is recommended that, in accordance with CIPFA’s Code of Practice on Treasury Management, the report be noted and forwarded for consideration and the next meeting of full Council due to be held on the 17^th January 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.

Other options considered and rejected:

To reject the recommendations.