Issue - meetings

The Portfolio Holder for Assets and Finance informed Members that The Annual Treasury report is a requirement of the Council’s reporting procedures.

It covers the Treasury activity for 2017/18, and the actual Prudential Indicators for 2017/18.

The report meets the requirements of both the CIPFA Code of Practice on Treasury Management and the CIPFA Prudential Code for Capital Finance in Local Authorities. The Council is required to comply with both Codes in accordance with Regulations issued under the Local Government Act 2003. It also provides an opportunity to review the approved Treasury Management Strategy for the current year and enables Members to consider and approve any issues identified that require amendment.

(Report of the Portfolio Holder for Assets and Finance)

The Portfolio Holder for Assets and Finance informed Members that the Annual Treasury report was a requirement of the Council’s reporting procedures. It covered the Treasury activity for 2017/18, and the actual Prudential Indicators for 2017/18.

The report met the requirements of both the CIPFA Code of Practice on Treasury Management and the CIPFA Prudential Code for Capital Finance in Local Authorities. The Council was required to comply with both Codes in accordance with Regulations issued under the Local Government Act 2003. It also provided an opportunity to review the approved Treasury Management Strategy for the current year and enabled Members to consider and approve any issues identified that require amendment.