Issue - meetings

Report No:   CAB/SE/16/004

Portfolio Holder: Ian HoulderLead Officer: Joanne Howlett

RECOMMENDED TO COUNCIL (23 February 2016):

That:

(1)     the Annual Treasury Management and Investment Strategy Statements 2016/2017, as contained in Appendix 1 to Report No: TMS/SE/16/002, be adopted; and 

(2)     the Treasury Management Code of Practice 2016/2017, as contained in Appendix 2 to Report No: TMS/SE/16/002, be approved.

The Cabinet considered Report No: CAB/SE/16/004 which sought approval for the Annual Treasury Management and Investment Strategy Statements for 2016/2017.

The Chartered Institute of Public Finance and Accountancy’s (CIPFA) Code of Practice on Treasury Management required that, prior to the start of the financial year, the Council formally approved an Annual Treasury Management and Investment Strategy, setting out the Council’s treasury management policy and strategy statements for the forthcoming year.

Councillor Ian Houlder, Portfolio Holder for Resources and Performance drew relevant issues to the attention of the Cabinet, including that performance on investments in 2015/2016 had been better than projected; however this was largely due to having higher than expected capital to invest rather than achieving better rates of interest.

RECOMMENDED TO COUNCIL:

That:

(1)    the Annual Treasury Management and Investment Strategy Statements 2016/2017, as contained in Appendix 1 to Report No: TMS/SE/16/002, be adopted; and 

(2)    the Treasury Management Code of Practice 2016/2017, as contained in Appendix 2 to Report No: TMS/SE/16/002, be approved.