Agenda item

Treasury Management Annual Report and Outturn Prudential Indicators 2017/18


The Cabinet Member with the Efficiency and Resources Portfolio introduced the report of the Managing Director (previously circulated) providing Members with important information regarding the regulation and management of the Council’s borrowing, investments and cash-flow and seeking approval of the Prudential Indicators for 2017/18 in accordance with the Prudential Code.


It was reported that the financial year 2017/18 presented similar circumstances to 2016/17 with regard to treasury management and the main implications of this for this Council were included in the submitted report.

The submitted report summarised the capital expenditure and financing for 2017/18; the Council’s underlying borrowing need; the Treasury position as at 31 March, 2018; prudential indicators and compliance issues; the economic background for 2017/18; treasury management activity during 2017/18; performance and risk benchmarking; and stated that the report had been examined by the Council’s Audit Committee at its meeting on 26 July 2018.


It was also reported that the Council’s treasury management activity during 2017/18 had been carried out in accordance with Council policy and legal limits, financing costs had been reduced during the year and a saving of £0.600 million had been achieved from the original Medium-Term Financial Plan due to the inclusion and purchase of property fund units in the investment portfolio, with the interest received reduced due to additional interest payments on debt and additional brokerage fees.


RESOLVED – (a)  That the outturn 2017/18 Prudential Indicators, as detailed within the submitted report and those detailed in Appendix 1 of the submitted report, be noted.

(b)  That the Treasury Management Annual Report for 2017/18, as detailed within the submitted report, be noted.


(c)  That the report be forwarded to Council, in order for the 2017/18 Prudential Indicators to be noted.

REASONS- (a)  In order to comply with the Prudential Code for Capital Finance in Local Authorities.

(b)  To inform members of the Performance of the Treasury Management function.


(c)  To comply with the requirements of the Local Government Act 2003.



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