Issue - meetings
MID YEAR REVIEW OF 2018/2019 TREASURY MANAGEMENT STRATEGY
Meeting: 20/11/2018 - Audit Committee (Item 6.)
6. 2018/2019 MID YEAR TREASURY MANAGEMENT REVIEW 
PDF 246 KB
To consider the 2018/19 Mid Year Treasury Management Review.
Additional documents:
- Item 6 - Appendix A - Prudential Indicators, item 6.
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- Item 6 - Appendix B - Investments and Loans, item 6.
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- Item 6 - Appendix C - Specified Non-specified Criteria, item 6.
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- Item 6 - Appendix D - Approved Countries, item 6.
PDF 69 KB
Decision:
The Committee considered a report which updated Members on Treasury Management activities in 2018/19 and reviewed the effectiveness of the 2018/19 Treasury Management and Investment Strategy, including the 2018/19 prudential and treasury indicators.
The Assistant Director (Finance & Estates) referred to some minor amendments to the report.
The Assistant Director (Finance & Estates) advised that, as at 1 April 2018, the cash balances held by the Council totalled £62.4Million. Most of this sum was held on behalf of other parties or their use was restricted to capital projects which had already been identified.
The Committee noted that the report also recommended that, in the future, officers were authorised to undertake treasury management functions on behalf of any Council owned companies and Council Limited Liability Partnerships.
It was RESOLVED:
1. That Council be recommended to approve the 2018/19 Treasury Management Mid-Year review.
2. That Council be recommended to approve the latest list of approved Countries for investments, as set out in Appendix D to the report.
3. That Council be recommended to empower officers to undertake treasury management functions on behalf of Council wholly owned companies and/or Council Limited Liability Partnership (LLP), subject to authorisation from the Board of Directors (see Paragraph 4.5.12 of the report).