Issue - meetings

To consider the report of the Cabinet Member for Finance.  The purpose of this report is to inform the Governance Committee and Council of the Treasury Management activities and performance for 2016/17 against the approved
Prudential Indicators for External Debt and Treasury Management, attached. 

The report of the Cabinet Member for Finance was submitted to inform the Council of the Treasury Management activities and performance for 2016/17 against the approved Prudential Indicators for External Debt and Treasury Management.

RESOLVED to:

i)  Note the Treasury Management (TM) activities for 2016/17 and the outturn on the Prudential Indicators

ii)  Note that the continued proactive approach to TM has led to reductions in borrowing costs and safeguarded investment income during the year.

iii)  Continues to delegate authority to the S151 Officer to make any future changes which benefit the authority and to report back at the next Treasury update.

iv)  Note that due to the early timing of the report to Governance committee, changes have been made to this report following the finalisation of capital and revenue budgets.  There have been no changes to the outturn figures but the forecast figures have been updated to reflect the capital report being submitted.