Issue - meetings

REPORT OF THE SERVICE DIRECTOR – RESOURCES

To inform of the Treasury Management activities in the second quarter of 2018/19 to the end of September.

RESOLVED: That the Finance, Audit and Risk Committee notes the report, to be presented to the Cabinet.

REASON FOR DECISION: To provide an opportunity for the Committee to comment as appropriate on the Treasury Management activities in the second quarter of 2018/19 to the end of September 2018.

Audio Recording – Start of Item – Session 1 – 1 hour 22 minutes 10 seconds

The Service Director – Resources presented of the Treasury Management activities in the second quarter of 2018/19 to the end of September. The current forecast was that the amount of investment interest expected to be generated during the year was £0.320 million, which was an increase of £0.065 million on the working budget.

The Committee were also informed of the performance against the Prudential and Treasury indicators.  During the second quarter the Council had operated within the treasury and prudential indicators as set out in the Treasury Management Strategy Statement and in compliance with the Council’s approved Treasury Management Practices.  Whereupon it was,

RESOLVED: That the Finance, Audit and Risk Committee notes the report, to be presented to the Cabinet.

REASON FOR DECISION: To provide an opportunity for the Committee to comment as appropriate on the Treasury Management activities in the second quarter of 2018/19 to the end of September 2018.