Issue

Issue - meetings

Treasury Management Stewardship Report 2015/16

Meeting: 14/06/2016 - Cabinet (Item 7)

7 Treasury Management Stewardship Report 2015/16 pdf icon PDF 209 KB

Report of the Interim Director of Resources

Presented by the Corporate Portfolio Holder

Minutes:

The Corporate Portfolio Holder presented the report to Members. He reminded Members that the report was in compliance with the requirements of the CIPFA Code of Practice and summarised the Treasury Management Activity during 2015/16. He highlighted that it showed the Authority had complied with the prudential indicators and the policies and requirements of the Treasury Management Strategy. He referred to a couple of breaches within the report, but advised that both had been reported and managed. He informed the Members that the Council invested its money in highly rated institutions, money market funds or the Government and that was the most prudent approach.

 

It was moved by Councillor N J Rushton, seconded by Councillor R Blunt and

 

RESOLVED THAT:

 

The report be approved

 

Reason for decision:These are statutory requirements