Issue - meetings

To consider a report by the Head of Resources.

The Council was recommended to note the treasury management activity over the period April to September 2014. 

By way of a report by the Head of Resources (a copy of which is appended in the Minute Book) the Cabinet was updated on the extent of treasury management activity, including investment, borrowing and performance over the period April to September 2014.

Although operating in difficult market conditions, the Executive Councillor was pleased to report that the Council had achieved a 0.43% return on short term investment against a national performance benchmark of 0.23%.

In noting the remainder of the information contained in the report and the support for its conclusions by the Overview & Scrutiny Panel (Economic Well Being) and having received an explanation of the way in which governance arrangements might vary to enable property and investment activity to be managed in the future, the Cabinet

RESOLVED

that the Council be recommended to note the treasury management activity over the period April to September 2014.