Council and councillors

Report No. 197/2018 was received from the Strategic Director for Resources.

Mr G Brown, Deputy Leader and Portfolio Holder for Planning, Environment, Property and Finance introduced the report, the purpose of which was to update members with the progress against the Treasury Management Strategy, prudential indicators and whether any policies required revision. In addition there would be an update on investment returns.

The underlying purpose of the report also supported the objective in the CIPFA Code of Practice on Treasury Management (revised 2017) and the Ministry of Housing, Communities and Local Government (MHCLG) Investment Guidance which Members received reports on, to adequately scrutinise the treasury management service.

DECISION:

1)    Cabinet NOTED the contents of the report and Appendix A of Report No. 197/2018.

Reason for the decision

The report summarises treasury management performance in the year and meets the requirements set out in Section1.