Issue - meetings

ANNUAL TREASURY MANAGEMENT REVIEW OF 2017/18 INCLUDING PRUDENTIAL CODE

Meeting: 05/09/2018 - Executive (Item 9)

9 ANNUAL TREASURY MANAGEMENT REVIEW OF 2017/18 INCLUDING PRUDENTIAL CODE pdf icon PDF 299 KB

To consider a report for recommendation to Council on the operation of the 2017/18 Treasury Management and Investment Strategy.

Additional documents:

Decision:

The Executive considered a report for recommendation to Council on the operation of the 2017/18 Treasury Management and Investment Strategy.

 

The Leader referred to a recent decision of Plymouth City Council to invoke the provisions of the Sustainable Communities Act 2007 to call upon the Government to share with the Council information it had on Brexit and its impact on the city.  The Executive supported a similar motion prosed by the Leader regarding Stevenage.

 

It was RESOLVED:

 

1.         That the 2017/18 Annual Treasury Management Strategy be recommended to Council for approval.

 

2.         That the provisions of the Sustainable Communities Act 2007 be invoked to call upon the Government to share with the Council information it has on Brexit and its impact on Stevenage.

 

Reason for Decision: As contained in the report; and 2. To obtain information regarding the impact of Brexit on Stevenage.

Other Options considered: As contained in the report.

Minutes:

The Executive considered a report for recommendation to Council on the operation of the 2017/18 Treasury Management and Investment Strategy.

 

The Portfolio Holder for Resources drew attention to the cash balances (as at 31 March 2018) pie chart tabled at the meeting, which was a clearer representation of the pie chart set out in Paragraph 5.7.3 of the original report.

 

The Leader referred to a recent decision of Plymouth City Council to invoke the provisions of the Sustainable Communities Act 2007 to call upon the Government to share with the Council information it had on Brexit and its impact on the city.  The Executive supported the Leader’s suggestion that a similar request be made to Government concerning the sharing of Brexit impacts for Stevenage.

 

It was RESOLVED:

 

1.         That the 2017/18 Annual Treasury Management Strategy be recommended to Council for approval.

 

2.         That the provisions of the Sustainable Communities Act 2007 be invoked to call upon the Government to share with the Council information it has on Brexit and its impact on Stevenage.

 

Reason for Decision: As contained in the report; and 2. To obtain information regarding the impact of Brexit on Stevenage.

Other Options considered: As contained in the report.