Decision details

Treasury Management 2016/17 Mid Year Report (Decision 01104395)

Decision Maker: Cabinet

Decision status: For Determination

Is Key decision?: Yes

Is subject to call in?: Yes


For cabinet to note the results of Treasury Management activities in the first half of the financial year.


Councillor Hebb addressed Cabinet Members highlighting the following:


·         The report confirmed that the Council was within the prudential indicators as agreed by Council in February 2016 and continued to contribute, through both reduced costs and increased income, towards the council’s objective of financial sustainability;

·         As of the end of September 2016 the Council had invested £130.5 million. These included overnight investments, other investments and fund managers; and

·         The Council had invested in a further long term opportunity through a loan to a solar energy investment company.


The Cabinet Member for Finance and Legal Services brought Members attention to the finance implications which highlighted in 2016/17 the overall impact to the General Fund was £3.097million which was a favourable position of £0.894million.




That Cabinet noted the results of Treasury Management activities undertaken in the first half of 2016/17.


Reason for Decision - as stated in the report

This decision is subject to call-in

Report author: Sean Clark (Corporate Director Resources and Place Delivery)

Publication date: 20/12/2016

Date of decision: 14/12/2016

Decided at meeting: 14/12/2016 - Cabinet

Effective from: 30/12/2016

Accompanying Documents: