KEY DECISION

Report No. 101/2018 was received from the Director for Resources.

Mr Gordon Brown, Deputy Leader and Portfolio Holder for Regulatory Services, Waste Management, Planning Policy & Operations, Property Services, and Finance, including Revenue & Benefits and Internal Audit introduced the report, the purpose of which was to show how the Council had performed against the Treasury Management Strategy for 2017/18 as had previously been set out in Report No. 41/2017.

During discussion the following points were raised:

·         Officers were to be congratulated on their prudent management of finances.

·         The nature of the markets and the maturity of three year rates, which had been at  higher levels, explained the slight decrease in returns from 0.75% in 2016/17 to 0.66% in 2017/18 (Q4)

·         The investment strategy was one part of a positive financial picture that needed to be communicated to residents.

DECISION

1.    Cabinet NOTED the actual 2017/18 prudential indicators within the report.

2.    Cabinet NOTED that the treasury management stewardship for 2017/18 was in compliance with the Treasury Management Strategy.

Reason for decision

1.    The report summarised treasury management performance in the year and met the requirements set out in section 6 of the report.