Issue - meetings

The report of the Council’s S151 Officer was submitted detailing Treasury Management activities and performance for 2015/16 against the approved Prudential Indicators for External Debt and Treasury Management.

RESOLVED

(i)  that the Treasury Management (TM) activities for 2015/16 and the outturn on the Prudential Indicators be noted;

(ii)  that the continued proactive approach to TM that has led to reductions in borrowing costs and safeguarded investment income during the year be noted; and

(iii)  that the revised MRP policy as detailed in paragraphs 50 to 52 of the report be approved and that delegated authority be granted to the S151 Officer to make any future changes which benefit the authority and to report back at the next Treasury update.

The Committee considered the report of the Section 151 Officer detailing the Review of Prudential Limits and Treasury Management Outturn 2015/2016.  The report provided details of the treasury management activities and performance for 2015/2016 against the approved prudential indicators for external debt and treasury management.

RESOLVED

(i)  That the Treasury Management activities for 2015/2016 and the outturn on the Prudential Indicators be noted;

(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 revised Minimum Revenue Provision as detailed in paragraph 50 – 52 of the report be noted;

(iv)  That Council be recommended to approve the revised Minimum Revenue Provision and delegate authority to the Section 151 Officer to make any future changes which benefited the Authority and to report back at the next Treasury update; and

(v)  That a detailed Treasury Management briefing be provided to the Committee at the mid-year reporting cycle.