To receive the report of the Corporate Director, Resources on the Mid-Year Review of the Treasury Management and Investment Strategy 2015/16. The report is attached.

The Council considered the report of the Corporate Director of Resources reviewing progress on the Treasury Management and Investment Strategy approved by Full Council on 25 February 2015

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 six months to 30 September 2015;

2.            That the current development and update for MiFID II Impact on LGPS and Local Authorities and also Changes in credit rating methodology as set out in section 4 of the report;

3.            That the Council’s investment balance of £421.3m as at 30 September 2015 of which £40m was invested in other Local Authorities (set out in Appendix 1 of the report).

4.            The Council’s position on prudential indicators (set out in Appendix 6 of the report).

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

The Council considered the report of the Corporate Director of Resources reviewing progress on the Treasury Management and Investment Strategy approved by Full Council on 25 February 2015

The recommendations set out in the report 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 six months to 30 September 2015;

2.            That the current development and update for MiFID II Impact on LGPS and Local Authorities and also Changes in credit rating methodology as set out in section 4 of the report;

3.            That the Council’s investment balance of £421.3m as at 30 September 2015 of which £40m was invested in other Local Authorities (set out in Appendix 1 of the report).

4.            The Council’s position on prudential indicators (set out in Appendix 6 of the report).