Agenda item

Mid-Year Review Report on Treasury Management for the period to 30 September 2017 - Report of Corporate Director of Resources

Minutes:

The Council considered a report of the Corporate Director of Resources which provided information on the treasury management mid-year position for 2017/18 and sought approval of a revision to the Council’s Investment Strategy (for copy see file of Minutes).

 

In moving approval of the report Councillor Napier, Portfolio Holder for Finance informed Council it was important that treasury management was in line with best practice guidance.  There was a need for transparency while also a need to manage borrowing prudently.  Councillor Napier welcomed the proposed changes, which sought ways to increase investment returns while minimising risk.

 

Seconded by Councillor Henig.

 

Resolved:

 

(a)  That the proposed changes to the Treasury Management Strategy for 2017/18 be approved;

(b)  That the contents of the mid-year review report for 2017/18 be noted.

Supporting documents: