Issue - meetings
Treasury Management Outturn 2017-18
Meeting: 20/09/2018 - Council (Item 43)
43 Treasury Management Out-turn 2017-18 PDF 91 KB
To receive a report containing the Treasury Management Outturn 2017-18 as recommended by the Executive.
RECOMMENDATION Council is recommended to approve:
1) the Treasury Management Annual Report for 2017/18; and
2) the actual 2017/18 prudential indicators within the report.
Additional documents:
- Enc. 1 for Treasury Management Outturn 2017-18, item 43 PDF 193 KB
- Enc. 2 for Treasury Management Outturn 2017-18, item 43 PDF 68 KB
- Enc. 3 for Treasury Management Outturn 2017-18, item 43 PDF 56 KB
- Enc. 4 for Treasury Management Outturn 2017-18, item 43 PDF 42 KB
- Enc. 5 for Treasury Management Outturn 2017-18, item 43 PDF 49 KB
- Enc. 6 for Treasury Management Outturn 2017-18, item 43 PDF 74 KB
Minutes:
The Council considered a report, set out at Agenda pages 107 to 134, which gave details of the Council’s Treasury Management operations during 2017/18.
The report stated that the Council had successfully implemented all the agreed prudential indicators during the year. This reflected sound management of the Council’s finances in a challenging environment.
The Executive had considered the report at its meeting on 26 July 2018 and had recommended to Council that the Annual Report for 2017/18 and the actual 2017/18 prudential indicators, set out in the report, be approved.
Lindsay Ferris stated that his Group had serious concerns about the level of debt incurred by the Council and the cost of funding that debt. Consequently, his Group would vote against the recommendations in the report.
It was proposed by Charlotte Haitham Taylor and seconded by Anthony Pollock that the recommendations in the report be agreed.
Prior to a vote being held, six Members, in accordance with Rule of Procedure 4.2.15.5, requested that a recorded vote be taken on the recommendations in the report.
On being put to the vote it was:
RESOLVED That:
1) The Treasury Management Annual Report for 2017/18 be approved;
2) The actual 2017/18 Prudential Indicators, set out in the report, be approved.
The voting was as follows:
For |
Against |
Abstained |
Alistair Auty |
Prue Bray |
John Kaiser |
Keith Baker |
Rachel Burgess |
Bill Soane |
Laura Blumenthal |
Gary Cowan |
|
Chris Bowring |
Andy Croy |
|
Jenny Cheng |
Carl Doran |
|
Richard Dolinski |
Lindsay Ferris |
|
Guy Grandison |
David Hare |
|
Charlotte Haitham Taylor |
Clive Jones |
|
Pauline Helliar-Symons |
Ian Pittock |
|
Tim Holton |
Helen Power |
|
Graham Howe |
Imogen Shepherd-Dubey |
|
Norman Jorgensen |
Rachelle Shepherd-Dubey |
|
Pauline Jorgensen |
|
|
Dianne King |
|
|
Abdul Loyes |
|
|
Charles Margetts |
|
|
Ken Miall |
|
|
Philip Mirfin |
|
|
Stuart Munro |
|
|
Barrie Patman |
|
|
Anthony Pollock |
|
|
Malcolm Richards |
|
|
Angus Ross |
|
|
David Sleight |
|
|
Chris Smith |
|
|
Wayne Smith |
|
|
Shahid Younis |
|
|
Meeting: 26/07/2018 - Executive (Item 29)
29 Treasury Management Outturn 2017-18 PDF 91 KB
Additional documents:
- Enc. 1 for Treasury Management Outturn 2017-18, item 29 PDF 193 KB
- Enc. 2 for Treasury Management Outturn 2017-18, item 29 PDF 68 KB
- Enc. 3 for Treasury Management Outturn 2017-18, item 29 PDF 56 KB
- Enc. 4 for Treasury Management Outturn 2017-18, item 29 PDF 42 KB
- Enc. 5 for Treasury Management Outturn 2017-18, item 29 PDF 49 KB
- Enc. 6 for Treasury Management Outturn 2017-18, item 29 PDF 74 KB
Decision:
That:
1) it be noted that the report was presented to the Audit Committee on 6 June 2018;
2) the following be recommended to Council for approval:
(a) the Treasury Management Annual Report for 2017/18; and
(b) the actual 2017/18 prudential indicators within the report.
Minutes:
The Executive considered a report relating to the Treasury Management Outturn for 2017-18 which showed that the Council had successfully adhered to all agreed prudential indicators in that year.
The Executive Member for Finance reminded Members that the Council had internal and external treasury management teams and between them they had achieved during the last financial year an average investment return rate of 1.68% which when considering that the average return from external financial institutions was 0.21% was very pleasing.
Councillor Pollock was pleased to note that no new external borrowing had been taken.
RESOLVED that:
1) it be noted that the report was presented to the Audit Committee on 6 June 2018;
2) the following be recommended to Council for approval:
(a) the Treasury Management Annual Report for 2017/18; and
(b) the actual 2017/18 prudential indicators within the report.