To receive a report from the Audit Committee setting out the Treasury Management Mid-Year Report 2017/18.

The Council considered a report from the Audit Committee setting out the Treasury Management Mid-Year Report 2017/18. The recommendations were put to the vote under the guillotine procedure at Council Procedure Rule 9.

DECISION:

That the Council note:

1.            The contents of the treasury management activities and performance against targets for half year ending 30^th September 2017;

2.            The Council’s outstanding investments  which amount to £447.1m at 30^th September 2017  as set out at appendix 2 to the report;

3.            The potential impact on the Council of becoming a retail client with effect from 3^rd January 2018 as set out at section 3.7 of the report; and

4.            The protections available to retail clients that the Council will forgo as a result of opting up to professional client  as set out at appendix 4 to the report.

(Action by: Zena Cooke Corporate Director, Resources)

The Council considered a report from the Audit Committee setting out the Treasury Management Mid-Year Report 2017/18. The recommendations were put to the vote under the guillotine procedure at Council Procedure Rule 9. Accordingly it was

RESOLVED:

That the Council note:

1.            The contents of the treasury management activities and performance against targets for half year ending 30^th September 2017;

2.            The Council’s outstanding investments  which amount to £447.1m at 30^th September 2017  as set out at appendix 2 to the report;

3.            The potential impact on the Council of becoming a retail client with effect from 3^rd January 2018 as set out at section 3.7 of the report; and

4.            The protections available to retail clients that the Council will forgo as a result of opting up to professional client as set out at appendix 4 to the report.