Council is asked to consider the Treasury Management Outturn Report for 2016/17.

The Council considered the report of the Audit Committee setting out the Treasury Management Outturn for 2016/17.

The recommendations set out in the report were put to the vote and were agreed.

DECISION:

That the Council note:

1.                  The Treasury Management activities and performance against targets for the twelve months to 31 March 2017.

2.                  The Pension Fund investments balance (set out in section 9 of Annex A to the report).

3.                  The Council’s investments as at 31 March 2017 (as in Appendix 2 of Annex A to the report).

4.                  The Prudential indicators outturn for 2016/17 (set out in Appendix 1of Annex A to the report).

(Action by:  Zena Cooke, Corporate Director, Resources)

The Council considered the report of the Audit Committee setting out the Treasury Management Outturn for 2016/17.

The recommendations were put to the vote and were agreed.  Accordingly it was:

RESOLVED:

That the Council note:

1.                  The Treasury Management activities and performance against targets for the twelve months to 31 March 2017.

2.                  The Pension Fund investments balance (set out in section 9 of Annex A to the report).

3.                  The Council’s investments as at 31 March 2017 (as in Appendix 2 of Annex A to the report).

4.                  The Prudential indicators outturn for 2016/17 (set out in Appendix 1of Annex A to the report).

Neville Murton, Service Head for Finance and Procurement and Kevin Miles, Chief Accountant Corporate Finance presented the Treasury Management Outturn Report for 2016/17. 

Under the Local Government Act 2003 the treasury management activities of the Council must be reported annually. The report summaries the Council’s treasury management activities for the financial year ending 31^st March 2017.

Kevin referred Members to page 326 of the agenda and the summary table showing all outstanding investments as at 31^st March 2017. He also referred members to page 322 which showed how current investments have been performing.

The Investment advisor would be appointed to offer training to Members of the Audit Committee.

Members of the Audit Committee NOTED the report and AGREED:

1.    It would like to receive investment training from the Council’s investment and treasury advisor; and

2.    In future the Committee would welcome an abbreviated summary of the adviser’s performance report rather than the whole report.