Agenda item - Treasury Management Strategy 2015/16 - End of year review

Report of the Executive Director for Finance & Resources (copy attached).

RESOLVED:

1)     That the Committee endorses the key actions taken during the second half of 2015/16 to meet the TMPS and practices (including the investment strategy) as set out in this report.

2)     That the Committee notes the reported compliance with the AIS for the period under review.

3)     That the Committee notes that the approved maximum indicator for investment risk of 0.05% has been adhered to, and the authorised borrowing limit and operational boundary have not been exceeded.

26.1         The Committee considered a report of the Executive Director for Finance & Resources in relation to Treasury Management Strategy 2015/16 - End of year review. The 2015/16 Treasury Management Policy Statement (TMPS), practices, and schedules were approved by the Policy & Resources Committee on 19 March 2015. The TMPS set out the role of Treasury Management, whilst the practices and schedules set out the annual targets and methods by which these targets will be met.

26.2         In response to Councillor Sykes it was explained that the Council had recently taken advantage of favourable interest rates to restructure its own debt and would continue to look for opportunities to this in the context of very low interest rates.

26.3         Councillor A. Norman noted that the Treasury Team had done an excellent job to ensure they made the most out of the Council’s finances; she highlighted that increased monitoring of these reports was important in the context of greater economic uncertainty.

26.4         Councillor Janio thanked Officers for the clear report.

26.5         The Chair then put the recommendations to the vote.

26.6         RESOLVED:

1)     That the Committee endorses the key actions taken during the second half of 2015/16 to meet the TMPS and practices (including the investment strategy) as set out in this report.

2)     That the Committee notes the reported compliance with the AIS for the period under review.

3)     That the Committee notes that the approved maximum indicator for investment risk of 0.05% has been adhered to, and the authorised borrowing limit and operational boundary have not been exceeded.