Decision details
Treasury Management Monitoring Mid-Year 2015/16
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
Update on treasury and cash management activities and the Prudential Indicators
Decisions:
Councillor Phil Davies introduced a report of the Acting Section 151 Officer which reviewed Treasury Management policies, practices and activities during the first 6 months of 2015/16. It projected a £2.5 million underspend in 2015/16 and confirmed compliance with treasury limits and prudential indicators being prepared in accordance with the CIPFA Treasury Management Code and the Prudential Code for Capital Finance in Local Authorities.
Councillor Phil Davies commented upon the good work of Finance officers in the use of internal resources which was more cost effective than undertaking longer term external borrowing.
RESOLVED:
That the Treasury Management Performance Monitoring Report be accepted in meeting the Council’s obligations under the Treasury Management Code.
Report author: Tom Sault
Publication date: 12/11/2015
Date of decision: 05/11/2015
Decided at meeting: 05/11/2015 - Cabinet
Effective from: 20/11/2015
Accompanying Documents: