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82 Treasury Management Half Yearly Update Report 2015/16 to 2018/19 PDF 358 KB
Minutes:
Matter for
Decision
The Council adopted the Chartered Institute of Public
Finance and Accountancy (CIPFA) Code of Practice on Treasury Management.
The Code required as a minimum, receipt by Full
Council of an Annual Treasury Management Strategy Statement, which included the
Annual Investment Strategy and Minimum Revenue Provision Policy for the year
ahead, a half year review report and an Annual Report (stewardship report)
which covered activities in the previous year.
The half year report had been prepared in accordance
with CIPFA’s Code of Practice on Treasury Management.
Decision
of Executive Councillor for Finance and Resources
To recommend the report to
Council for approval which included the Council’s estimated Prudential and
Treasury Indicators 2015/16 to 2018/19.
Reason for the Decision
As set out in the Officer’s report.
Any Alternative Options Considered and Rejected
Not applicable.
Scrutiny
Considerations
The Committee received a report from the Head of Finance and s151
Officer.
The Committee made the following comment in response to the report:
i.
Sought clarification regarding paragraph 7.5 of the
officer’s report.
In response to Members’ questions the Head of Finance and s151 Officer said
the following:
i.
Rents were not paid over; reserves in the HRA fund
would assist to fund any new build developments.
The Committee unanimously resolved to endorse the recommendations.
The Executive Councillor approved the recommendation.
Conflicts of Interest Declared by the Executive Councillor
(and any Dispensations Granted):
Not applicable.