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Issue - meetings
Annual Treasury Management Report 2016/17
Meeting: 04/09/2017 - Cabinet (Item 26)
26 Annual Treasury Management Report 2016/17 PDF 288 KB
(Council Decision)
Minutes:
The Assistant Director, Financial Services and Revenues, submitted a report on the treasury management activities and performance over the 2016/17 financial year.
Under the Local Government Act 2003, the council was required to produce an annual treasury management review of activities and the actual prudential and treasury indicators. Treasury management referred to the management of the authority’s investments, cash flow, banking, money market and capital market transactions and the potential risks associated with these activities. The report also gave an overview of the wider economic context within which the council operated.
The council complied fully with the Chartered Institute of Public Finance and Accountancy (CIPFA) Code of Practice on Treasury Management (the Code), and the CIPFA Prudential Code for Capital Finance in Local Authorities (the Prudential Code). The report was due to be considered by the Audit Committee at its meeting on 21 September 2017.
Under rule 13.3, this report was agreed without being called for discussion.
RESOLVED that:
1. Having considered the report, no recommendations are made to amend the current Treasury Management Strategy as a result of this particular review
2. Full Council to consider the report and any recommendations made by Cabinet
The reason for this decision was:
To ensure that members are fully aware of the activities undertaken in the last financial year, that codes of practice have been complied with and that the council’s strategy has been effective in 2016/17.
Under the code adopted the Full Council is required to consider the report and any recommendations made.
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