Agenda item

Annual Report on Treasury Management and Leasing Activities 2017/18

 

The Executive Director Core Services and Service Director Finance will submit a joint report prepared in accordance with the CIPFA Treasury Management Code and CIPFA Prudential Code reviewing the Treasury Management and leasing activities carried out by the Council during 2017/18.

 

Minutes:

The Executive Director Core Services and Service Director Finance submitted a joint report prepared in accordance with the CIPFA Treasury Management Code and CIPFA prudential Code reviewing the Treasury Management and Leasing activities carried out by the Council during 2017/19.

 

In broad terms the report covered the following:

 

·         The agreed Treasury Management Strategy 2017/18;

·         The Economic summary;

·         The Council’s borrowing and leasing activity including the Gross Debt and Capital Financing Requirement, the movement on Gross Debt and Future Outlook

·         The Councils investment activity including the Movement on Investments and Future Outlook; and

·         Prudential and Treasury Indicators for 2017/18

 

Appendices to the report provided:

 

·         Actual Prudential and Treasury Indicators for 2017/18;

·         New Long Term Borrowing during 2017/18;

·         The Investment Portfolio as at 31st March, 2018; and

·         The Economic Commentary from Link Asset Services

 

Arising out of the discussion, and particularly in relation to the Maturity Structure of Fixed Rate Borrowing referred to within Appendix 1, reference was made to the use of LOBO’s and upon the potential implications for councils of such arrangements.  It was noted that the Council LOBO’s were shown within the ‘less than 12 months’ category.

 

RESOLVED 

 

(i)            That the Treasury Management and Leasing Activities carried out during 2017/18 be noted; and

 

(ii)          That the Prudential and Treasury Indicators set out in Appendix 1 of the report be noted.

Supporting documents:

 

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