143 ANNUAL REPORT ON TREASURY MANAGEMENT AND ACTUAL PRUDENTIAL INDICATORS 2017/18 PDF 129 KB
(KEY DECISION)
Report No. 101/2018
Minutes:
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.