Issue - meetings

The Council’s Treasury Management Strategy is underpinned by the adoption of the Chartered Institute of Public Finance and Accountancy’s (CIPFA) Code of Practice on Treasury Management 2011, which includes the requirement for determining a treasury strategy on the likely financing and investment activity for the forthcoming financial year. Cabinet is asked to note the 2017/18 mid-year Treasury report, which has already been reviewed by the Audit Committee and is to be forwarded to the Council.

RESOLVED that:

7.1       The 2017/18 mid-year Treasury report be noted by Members.

Councillor Margaret McLennan, Deputy Leader of the Council, introduced the report which asked Cabinet to note the 2017/18 Mid-Year Treasury report. It was noted that the report had already been reviewed by the Audit Advisory Committee and was to be forwarded to the Council.

Councillor McLennan stated that the Council’s Treasury Management Strategy was underpinned by the adoption of the Chartered Institute of Public Finance and Accountancy’s (CIPFA) Code of Practice on Treasury Management 2011, which included the requirement for determining a treasury strategy on the likely financing and investment activity for the forthcoming financial year.

It was noted that the Code also recommends that Members be informed of Treasury Management activities at least twice a year. The report therefore ensured that the authority embraced best practice in accordance with CIPFA’s recommendations.

RESOLVED that:

7.1       The 2017/18 mid-year Treasury report be noted by Members.