Issue - meetings

Purpose: to consider the comments from the Audit and Corporate Governance Committee and recommend council to approve the report, which fulfils the legislative requirements to ensure the adequate monitoring of the treasury management activities and that the council’s prudential indicators are reported to council mid year.  The report provides details of the treasury activities for the first six months of 2012/13 and an update on the current economic conditions with a view to the remainder of the year.

Cabinet considered the report of the Head of Finance that asked Cabinet to recommend Council to approve the report.  The report provided details of the treasury activities for the first six months of 2012/13 and an update on the current economic conditions with a view to the remainder of the year. 

Cabinet noted that the Audit and Corporate Governance Committee, at its meeting on 29 January, had endorsed the recommendations within the report and made no additional recommendations to Cabinet.  In addition, Cabinet noted that treasury management activities had operated within the parameters in the approved strategy and agreed to recommend Council to approve the report.  This would fulfil the legislative requirements to ensure the adequate monitoring of the treasury management activities and that Council received a mid-year report on the council’s prudential indicators.

RESOLVED: to recommend Council to approve the report.