Issue - meetings

To receive a report by the Head of Resources on the 2014/2015 Annual Treasury Management Strategy.

RESOLVED:

That Cabinet note the 2014/15 Treasury Management performance.

A report by the Head of Resources was presented to the Cabinet (a copy of which is appended in the Minute Book) which reviewed the treasury management performance for the 2014/2015 financial year. 

The Council’s Treasury Management processes were underpinned by the Chartered Institute of Public Finance and Accountancy’s Code of Practice on Treasury Management.  The Code required the Council to produce an annual Treasury Management Strategy and recommended that Members were informed of treasury management activity at least twice a year.  The report presented to the Cabinet was the biennial report.

It was noted that paragraph 2.4 of the Officer’s report summarised the treasury management transactions undertaken during the 2014/2015 financial year. 

RESOLVED:

That Cabinet note the 2014/15 Treasury Management performance.

To consider a report by the Head of Resources on the Treasury Management Strategy 2014/2015 Outturn Report.

The Head of Resources presented the Treasury Management Strategy 2014/15 Outturn Report to the Panel. Members were informed that the report is one of three going to Cabinet and that it is received twice a year.

A Panel Member queried the position of the Council in terms of security when providing long term loans.  Members were informed that all loans are decreasing loans, and that property is used as security to under pin the initial loan.

The Panel recommended that the report be approved by Cabinet.