Issue - meetings

Report FSD18054

The set out a summary of treasury management activity during the March quarter, including the Treasury Management Annual Report  for 2017/18, which was required to be reported to Full Council.  Investments as at 31^st March 2018 totalled £284.8 million and there was no external borrowing.

The Director of Finance confirmed  that the £40 million Lloyds investment that had matured had been reinvested in multi asset income funds.

It was noted by a Member that the statutory requirement for Treasury Management reporting was bi-annually and it was suggested that it would help officers if the Committee were to move to bi-annual reporting rather than the current quarterly reporting.  The Committee agreed that reports could be presented every six months unless Officers felt that a matter should come before the Committee sooner.

The Director of Finance highlighted that it was a statutory requirement to report prudential indicators.

RESOLVED: That the Committee move to bi-annual Treasury Management reporting and that the Portfolio Holder be recommended to:

1. Note the Treasure Management Annual Report for 2017/18;

2. Approve the actual prudential indicators within the report.