Decision Maker: Audit, Risk and Governance Committee
Decision status: Recommendations Approved
Is Key decision?: No
Mike Jensen, Chief Investment Officer, presented an update report on a review of Treasury Management activities in 2014/15 which presented a very positive picture for Treasury Management. Management activities were regulated by the CIPFA Code of Practice and it was best practice to review treasury management activities on a regular basis.
This review included:
· A review of the economic conditions during 2014/15
· An assessment of the appropriateness of treasury strategy within the current and predicted economic environment.
· Borrowing activity
· Investment activity
· Actual results measured against 2014/15 Prudential indicators and Treasury Management Indicators
· An update on the Council's investment in Landsbanki Is.
The Committee was informed of changes to legislation which brought into law 'bail-in' arrangements.
It was noted that current market conditions continued to enabled the County Council to take advantage of short term market borrowing
Resolved: That the Committee note the review of treasury management activities in 2014/15 for the period 1 September to 30 November 2014.
Date of decision: 26/01/2015
Decided at meeting: 26/01/2015 - Audit, Risk and Governance Committee
Accompanying Documents: