Issue - meetings

Treasury Management Mid-Year report

Meeting: 14/12/2016 - Cabinet (Item 73)

73 Treasury Management 2016/17 Mid Year Report (Decision 01104395) pdf icon PDF 91 KB


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