Decision details

A presentation was made to the committee by Mike Jensen, co-chief investment officer, on a review of the county council's treasury management activities during the current financial year to the end of July 2016 and included:

-  A review of the economic conditions during 2016/17,

-  The implications for the Council's Treasury Strategy,

-  Borrowing activity,

-  Investment activity,

-  Actual results measured against 2016/17 Prudential indicators and Treasury Management Indicators.

The officer responded to questions raised by the Members in relation to investment and borrowing activities and explained that regulations prevented the Council from issuing annuities.  

Details of the treasury management activities were presented at Appendix 'A'.

Resolved: That the review of treasury management activities for the period 1 April to 31 July 2016 shown at appendix A to the report now presented, be noted.