Issue - meetings

Purpose: to fulfil the legislative requirements to ensure the adequate monitoring and reporting of the treasury management activities.  It reports the performance of the treasury management function (the management of the council’s investments) for the financial year 2013/14.  This complies with the requirements of the Chartered Institute of Public Finance and Accountancy (CIPFA’s) Code of Practice on Treasury Management (revised) 2009. 

The committee considered the head of finance’s report which monitored the treasury management activities for the financial year 2013/14.  This showed that investment income was £286,000 over the estimated income for the year.  The committee welcomed this strong performance, noting that the council had a wide selection of investments in its portfolio. 

RESOLVED: to

(a)       note the treasury management outturn report 2013/14; and

(b)       advise Cabinet that the Committee is satisfied that the treasury activities in 2013/14 have been carried out in accordance with the treasury management strategy and policy.