Issue - meetings

Background:

This report provided an overview of treasury management activity during 2016/17.

Overall the Interest and Financing budget made a surplus over its targeted budget of £181k. Bank rate continued at the historically low rate of 0.5% throughout 2015/16, however, the overall rate achieved on cash based investments averaged 1.3%.

The report noted that the treasury management activity report was considered by the Audit Committee on 29 June 2017, and comments from this committee were set out in section 13 of the report.

Reasons:

Section 7.1(e) of the Council’s Financial Rules state that the Chief Finance Officer shall report to Cabinet and the Audit Committee not later than September on treasury management activities in the previous year.