Issue - meetings

Report of the Director Finance and Commercialisation providing an overview of the Treasury Management (TM) activities and performance for 2018/19 against the approved Prudential Indicators for External Debt and Treasury Management.

Report of the Director of Finance and Commercialisation was submitted providing an overview of the Treasury Management activities and performance for 2018/19 against the approved Prudential Indicators for External Debt and Treasury Management. 

RESOLVED:

(i)  To note the current and forecast position with regards to these indicators and approve any changes.

(ii)  To note that the continued proactive approach to Treasury Management has led to reductions in borrowing costs and safeguarded investment income during the year. 

(iii)  To note the cost implications of the capital programme on the Council as detailed in table 4 of the report.  These have been taken into account in the revenue budget. 

(iv)  To continue to delegate authority to the S151 Officer to make any future changes which benefit the authority and to report back at the meeting of Full Council on 20^th February, 2019. 

Report of the Director Finance and Commercialisation providing an overview of the Treasury Management (TM) activities and performance for 2018/19 against the approved Prudential Indicators for External Debt and Treasury Management.

The Committee considered the report of the Director of Finance and Commercialisation (Section 151 Officer) detailing the review of Prudential Limits and Treasury Management Midyear Review 2018/19.

In particular the Committee noted that since the last update there had been 2 key issues which now included the requirement to report on non-treasury investments and the HRA borrowing cap had been removed on 29^th October 2018.

RESOLVED:

(i)  That the current and forecast position with regards to these indicators be noted and any changes approved;

(ii)  That the continued proactive approach to treasury management had led to reductions in borrowing costs and safeguarded investment income during the year be noted;

(iii)  That the cost implications of the capital programme on the Council as detailed in table 4 of the report which had been taken into account in the revenue budget be noted; and

(iv)  That the recommendation to Full Council to continue to delegate authority to the S151 Officer to make any future changes which benefitted the authority and to report back at the February 2019 Governance Committee be endorsed.