Agenda item

The Executive Director Core Services and Service Director Finance (Section 151 Officer) will submit, for information, a report which was considered by Cabinet on the 5^th September, 2018 reviewing the Council’s Treasury Management and Leasing activities during the first quarter of 2018/19 in accordance with the CIPFA Treasury Management Code and CIPFA Prudential Code.

The Executive Director Core Services and Service Director Finance (Section 151 Officer)submitted, for information, a report, which had been considered by Cabinet on the 5^th September, 2108 reviewing the Council’s Treasury Management and leasing Activities during the fires quarter of 2018/19 in accordance with the CIPFA Treasury Management Code and CIPFA Prudential Code.

The report gave details of the following:

·         The agreed Treasury Management Strategy for 2018/19

·         An Economic Summary

·         The Council’s borrowing and leasing activity

·         The Council’s Investment activity

·         Prudential and Treasury Indicators for 2018/19

The Cabinet had noted the Treasury Management and Leasing Activities carried out within the first quarter together with the Prudential and Treasury Indicators as detailed within Appendix 1 of the report.

The Committee briefly discussed the increase in interest rates and the implications this could have for the Authority.  It was reported that the increase in rates had been anticipated and there was a further discussion of possible increases over the next 18 months.

RESOLVED that the report be received.