Issue - meetings

Cabinet, at its meeting on 6 October 2016, will consider a report on the outturn performance of the treasury management function for the financial year 2015/16.

The report of the head of finance, which Cabinet will consider on 6 October, is attached.

The recommendations of Cabinet will be circulated to councillors on 7 October 2016.

Council considered Cabinet’s recommendation, made at its meeting on 6 October 2016, on the outturn performance of the treasury management function for the financial year 2015/16.

RESOLVED: to

1.    approve the treasury management outturn report for 2015/16;

2.            approve the actual 2015/16 prudential indicators within the report.

To consider the head of finance’s report. 

Cabinet considered the head of finance’s report on the outturn of the council’s treasury management activity in 2015/16. 

The Cabinet member for finance reported that the Joint Audit and Governance Committee had considered the same report and concluded that it was satisfied that the treasury activities in 2015/16 had been carried out in accordance with the treasury management strategy and policy.  The performance during the year had exceeded the target but the Cabinet member expressed caution for the current year in the light of any consequences from the EU Referendum result. 

RECOMMENDED: to Council to:

(a)       approve the 2015/16 treasury management outturn report to Cabinet on 6 October 2016; and

(b)       approve the actual 2015/16 prudential indicators within the report.