Decision details
TREASURY MANAGEMENT ANNUAL REPORT 2015/16
PDF 108 KBDecision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
Purpose:
To inform the Cabinet of the Council’s treasury management activity over the past financial year.
Decision:
Notes the 2015/16 Treasury Management performance.
Reasons for the decision:
The Council’s Treasury Management processes are underpinned by the Chartered Institute of Public Finance and Accountancy’s Code of Practice on Treasury Management. The Code requires the Council to produce an annual Treasury Management Strategy and recommends that Members are informed of treasury management activity at least twice a year. This being the second of the two reports.
Alternative options considered:
None considered.
Resource Implications:
The actual net investment interest payable (after deduction of interest receivable on loans) was £304,000 against a budget of £346,000. This was a saving of £42,000 against the original budget.
Publication date: 21/06/2016
Date of decision: 16/06/2016
Decided at meeting: 16/06/2016 - Cabinet
Effective from: 29/06/2016
Accompanying Documents: