Skip to content

Issue - meetings

Meeting: 13/12/2017 - Cabinet (Item 94)

94 Treasury Management Mid-Year Stewardship Report pdf icon PDF 103 KB

Report of the County Treasurer (CT/17/103) outlining the Council's Treasury and Debt Management activities during the first half of the 2017/18 financial year previously considered and endorsed by the Corporate Infrastructure and Regulatory Services Scrutiny Committee on 28 November 2017, attached.

Additional documents:

Minutes:

Councillors Hannaford, Connett and Atkinson attended in accordance with Standing Order 25(2) and spoke to this item.

 

The Cabinet considered the Report of the County Treasurer (CT/17/103) outlining the Council’s Treasury and Debt Management activities undertaken during the first half of 2017/18 in line with the CIPFA Code of Practice which had been considered and endorsed by the Corporate Infrastructure and Regulatory Services Scrutiny Committee on 28 November 2017. 

 

The County Treasurer’s Report had confirmed that there were no particular issues to draw to the attention of the Cabinet as part of that process.

 

In summary, the Report stated that no long term or short term borrowing had been undertaken to date in 2017/18 and that the expectation was that no new borrowing would be required during the remainder of the 2017/18 financial year; and investment income was forecast to over-achieve against the budget target of £750,000 in 2017/18.

 

The matter having been debated and the options and/or alternatives and other relevant factors set out in the County Treasurer’s Report and/or referred to above having been considered:

 

It was MOVED by Councillor Clatworthy, SECONDED by Councillor Hart and

 

RESOLVED that the Mid-Year Stewardship Report for the 2017/18 financial year be noted and welcomed.



Top