Issue - meetings

Cabinet, at its meeting on 12 February 2018, will consider a monitoring report on the treasury management activities for the first six months of 2017/18 and an update on the current economic conditions with a view to the remainder of the year. 

The Joint Audit and Governance Committee considered the report at its meeting on 29 January 2018 and did not recommend any adjustments to the strategy as a result of the first six months’ activities.  

The report of the head of finance, which Cabinet will consider on 12 February 2018, is attached. Cabinet’s recommendations will be circulated to all councillors prior to the Council meeting.

Council considered Cabinet’s recommendations, made at its meeting on 12 February 2018, on the treasury management activities for the first six months of 2017/18.

The Joint Audit and Governance Committee had considered the report at its meeting on 29 January 2018 and had not recommended any adjustments to the strategy as a result of the first six months’ activities.  That committee and Cabinet had concluded that the treasury management activities had operated within the agreed parameters set out in the approved treasury management strategy.

RESOLVED: to approve the head of finance’s treasury management mid-year monitoring report 2017/18 to Cabinet on 12 February 2018. 

To consider the head of finance’s report. 

Cabinet considered the head of finance’s mid-year monitoring report on the council’s treasury management function.  This covered the period from 1 April to 30 September 2017. 

Cabinet noted that the investment income received was above the budget target.  The Joint Audit and Governance Committee had also considered the report and was satisfied that the treasury management activities had been carried out in accordance with the treasury management strategy and policy.  Cabinet concurred. 

RECOMMENDED: to Council to approve the head of finance’s 2017/18 treasury management mid-year monitoring report to Cabinet on 12 February 2018.