Issue - meetings
Treasury Management Activity Report for Year to 31 August 2015
Meeting: 23/09/2015 - Audit Committee (Item 4)
4 Treasury Management Activity Report for Year to 31 August 2015 PDF 417 KB
Minutes:
The Chief Accountant introduced the report which provided an update on the treasury management and investment activity carried out by the Council as that 31st of August 2015. He informed Members that the current low interest economic environment meant that there was little potential to achieve significant investment returns.
Responding to Members questions the Committee was informed that:
· In relation to whether any ratings be damaged as a consequence of the recent decline in the Chinese economy, the Chief Accountant advised that he was not aware of any such effects but asked Members to note the recently downgraded rating of Barclays Banking Corporation.
RESOLVED
- That the contents of the treasury management activities and performance report against targets for the period ending 31st August 2015 be noted.
- That the Council's outstanding investments as set out in Appendix 1 to the report and the balance outstanding at 31st August 2015 at the value of £415.7 million be noted.