Decision details

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.