Agenda item

The Director of Finance, Assets and Information Services will submit, for information and comment, a report which was submitted to Cabinet on the 9^th September, 2015 updating the Committee on the Treasury Management Activities and Investment Performance as at 30^th June, 2015.

The Director of Finance, Assets and Information Services submitted, for information and comment, a report which had been submitted to Cabinet on the 9^th September, 2015 updating the Committee on the Treasury Management Activities and Investment Performance as at 30^th June, 2015.

The report had been produced in a new format which would hopefully assist Members in assessing whether or not the Council was implementing best practice in accordance with the CIPFA Code of Practice for Treasury Management.

In the ensuing discussion reference was made to the following:

·         Information was provided on the awarding of a contract for the provision of Treasury Management Services and on the rationale for this

·         Arising out of the above, reference was made to the work which would be undertaken by Treasury Management Advisors

·         The difficulties of Investment Benchmarking were outlined and in this respect reference was made to the information contained within Appendix 5.  These difficulties were largely as a result of the alternative risk ‘appetite’ of differing authorities and to factors detailed within the Treasury Strategy.  The Director of Finance, Assets and Information Services stated that the Authority was within the parameters predicted.

RESOLVED that the report on Treasury Management Activities and Investment Performance as at 30^th June, 2015 be received and the new format of report be welcomed.