Issue - meetings

Cabinet, at its meeting on 5 December 2019, considered the report of the head of finance on the outturn performance of the treasury management function for the financial year 2018/19.

The report of the head of finance, which the Joint Audit and Governance Committee considered on 14 October 2019 and Cabinet considered on 5 December 2019, is attached.

The Joint Audit and Governance Committee made no recommendations to Cabinet but noted the report and was satisfied that the treasury activities were carried out in accordance with the treasury management strategy and policy. 

RECOMMENDATIONTO COUNCIL: to

1.      approve the treasury management outturn report 2018/19; and

2.      approve the actual 2018/19 prudential indicators within the report. 

Council considered Cabinet’s recommendations, made at its meeting on 5 December 2019, on the outturn performance of the treasury management function for the financial year 2018/19.

The Joint Audit and Governance Committee and Cabinet had considered the head of finance’s report and were satisfied that the treasury activities had been carried out in accordance with the treasury management strategy and policy.

RESOLVED: to

1.         approve the treasury management outturn report 2018/19; and

2.         approve the actual 2018/19 prudential indicators within the report. 

To consider the head of finance’s report. 

Cabinet considered the head of finance’s report on the treasury outturn in 2018/19.  The report had been considered by the Joint Audit and Governance Committee, which was satisfied that the treasury activities had been carried out in accordance with the treasury management strategy and policy. 

Cabinet noted that performance had missed the budgeted target during the year due to interest rates being lower than expected when the budget had been set. 

RECOMMENDED to Council to:

(a)     approve the treasury management outturn report 2018/19; and

(b)     approve the actual 2018/19 prudential indicators within the report.