Issue - meetings

That:

1)         the mid-year Treasury Management report for 2017/18 be noted;

2)         the actual 2017/18 prudential indicators within the report be noted;

3)         it be noted that the report has been considered and supported by Audit      Committee;

4)         the report be recommended to Council for approval.

The Executive considered the Treasury Management Mid-year Report 2017-18.

The Executive Member for Finance introduced the report and stated that it summarised the Treasury Management operations during the first half of 2017/18. The two main functions of Treasury Management were, firstly, to ensure adequate cash flow for the Council’s day to day activities and, secondly, to fund the Council’s Capital plans.

The report stated that, as at 30 September 2017, the Council was forecast to exceed its investment return budget and there had been no external loans taken out during the same period.

RESOLVED That:

1)         the mid-year Treasury Management report for 2017/18 be noted;

2)         the actual 2017/18 prudential indicators within the report be noted;

3)         it be noted that the report has been considered and supported by Audit      Committee;

4)         the report be recommended to Council for approval.