Agenda item

The Council noted a report of the Corporate Director of Resources regarding the treasury management outturn position for 2018/19. The report provided a summary of the Council’s treasury position, borrowing activity, investment activity, treasury management and prudential indicators (for copy see file of Minutes).

The Corporate Director of Resources informed Members that the Council had adopted the latest CIPFA Code of Practice on Treasury Management was regarded as best practice in ensuring adequate monitoring of the Council’s capital expenditure plans and its Prudential Indicators. All of the Council’s investment activity had remained within the benchmarks for managing investment risk which were included in the Annual Treasury Management Strategy.

In conclusion, the Corporate Director of Resources informed the Council that it had complied with its Treasury Management Strategy 2018/19 for its full year activity covering the period to 31 March 2019.