Decision details

Treasury Management Stewardship Report 2015/16 and mid year report 2016/17

Decision Maker: Cabinet

Decision status: Recommendations approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

Review of Treasury Management performance: The report will set out

·        A summary of the original strategy agreed for 2015/16 and the economic factors affecting this strategy in the first six months of the year.

·        The treasury management activity during the first six months.

·        The performance to date of the Prudential Indicators, which relate to the Treasury function and compliance within limits.

·        The outturn report.

Decisions:

42.1     The Cabinet considered a report by the Chief Operating Officer

42.2     It was RESOLVED to note the Treasury Management performance in 2015/16 and the mid year review for the first half of 2016/17

 

Reason

42.3     The report fulfils the requirement to submit an annual/half yearly report in the form prescribed in the Treasury Management Code of Practice. Short term lending throughout the year saw returns increase steadily from 0.66% to 0.73%. This reflects the objective to ensure so far as possible in the financial climate, a prudent approach with security and liquidity as the main criteria before yield.  Exposure to future risk continues to be minimised through proactive and constant review of the treasury management policy.  The emphasis must continue to be able to pre-empt/react quickly if market conditions worsen.

 

Report author: Ola Owolabi

Publication date: 01/04/2021

Date of decision: 15/11/2016

Decided at meeting: 15/11/2016 - Cabinet

Effective from: 23/11/2016

Accompanying Documents: